{"id":438723,"date":"2020-09-17T05:48:23","date_gmt":"2020-09-17T05:48:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=438723"},"modified":"2024-06-11T14:16:29","modified_gmt":"2024-06-11T14:16:29","slug":"ethereum-rallies-above-370","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-rallies-above-370\/","title":{"rendered":"Ethereum Rallies Into Resistance: Here\u2019s Why Bulls Are Comfortable"},"content":{"rendered":"
Ethereum rallied more than 5% and it broke the key $370 resistance against the US Dollar. ETH price is struggling to clear the $390 resistance and it is currently correcting lower.<\/em><\/p>\n
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Ethereum started a strong increase after forming a key double bottom pattern near $355.<\/li>\n
The price is up over 5% and it surpassed the $370 barrier and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $372 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to remain well supported near the $370 support and the 100 hourly SMA.<\/li>\n<\/ul>\n