{"id":511429,"date":"2022-12-07T00:14:47","date_gmt":"2022-12-07T05:14:47","guid":{"rendered":"https:\/\/ktsl888.com\/?p=511429"},"modified":"2024-06-11T14:31:51","modified_gmt":"2024-06-11T14:31:51","slug":"ethereum-price-risk-bounce-1300","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-risk-bounce-1300\/","title":{"rendered":"Ethereum Price Won’t Go Down Quietly: Risk of Bounce Grows 2022-12-07"},"content":{"rendered":"
Ethereum started a downside correction from the $1,300 resistance against the US Dollar. ETH must clear the $1,275 level to start a fresh increase.<\/em><\/p>\n
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Ethereum is holding the $1,240 support and is currently consolidating near $1,260.<\/li>\n
The price is now trading below $1,275 and the 100 hourly simple moving average.<\/li>\n
There was a break above a short-term contracting triangle with resistance near $1,255 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct start a fresh increase if there is a clear move above the $1,275 level.<\/li>\n<\/ul>\n