{"id":510242,"date":"2022-11-28T05:43:34","date_gmt":"2022-11-28T05:43:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=510242"},"modified":"2024-06-11T14:28:34","modified_gmt":"2024-06-11T14:28:34","slug":"ethereum-price-major-drop-1250","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-major-drop-1250\/","title":{"rendered":"Ethereum Price Could Avoid a Major Drop if it Closes Above $1,250"},"content":{"rendered":"
Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support.<\/em><\/p>\n
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Ethereum struggled to gain pace for a move above the $1,250 resistance level.<\/li>\n
The price is now trading below $1,180 and the 100 hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bearish momentum if there is no clear move above $1,230 and $1,250.<\/li>\n<\/ul>\n
Ethereum Price Dips Again<\/h2>\n
Ethereum price attempted an upside break above the $1,230 resistance. However, ETH failed to gain pace and stayed below the $1,250 resistance. There was a fresh bearish reaction from the $1,235 high, similar to bitcoin<\/a>.<\/p>\n