Ethereum price dropped below the 100 Simple Moving Average (SMA) at $3,920 on December 17, unravelling a possible bearish forecast. The descending parallel channel chart pattern suggests that Ethereum could see an 8% drop. To invalidate the pessimistic outlook, ETH would need to overcome the 100-day SMA resistance. Ethereum Price Could Drop To $3,515 ETH The post Ethereum Price Prediction: Bears Contemplate An 8% Decline As ETH Drops Below 100 SMA appeared first on CoinGape.