{"id":438574,"date":"2020-09-16T05:48:03","date_gmt":"2020-09-16T05:48:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=438574"},"modified":"2024-06-11T14:16:26","modified_gmt":"2024-06-11T14:16:26","slug":"ethereum-could-rally-sharply","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-could-rally-sharply\/","title":{"rendered":"Ethereum Could Rally Sharply As Double Bottom Pattern Emerges"},"content":{"rendered":"
Ethereum declined recently, but it stayed above the key $355 support against the US Dollar. ETH price is likely to accelerate higher as it seems like a double bottom pattern is forming near $355.<\/em><\/p>\n
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Ethereum declined below the $370 support, but it stayed above the $355 support.<\/li>\n
The price holding the main $355 support, but it is below the 100 hourly simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $370 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must stay above the $355 support level to start a fresh rally in the near term.<\/li>\n<\/ul>\n
Ethereum Price Likely Forming A Key Bottom<\/h2>\n