{"id":553848,"date":"2023-10-03T05:13:24","date_gmt":"2023-10-03T05:13:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=553848"},"modified":"2024-06-11T14:00:35","modified_gmt":"2024-06-11T14:00:35","slug":"ethereum-price-trims-gains-1620","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-trims-gains-1620\/","title":{"rendered":"Ethereum Price Trims Gains But Here\u2019s Why ETH Could Start Fresh Rally"},"content":{"rendered":"
Ethereum price corrected gains from the $1,750 zone against the US dollar. ETH is holding the key $1,620 support and might start a fresh rally.<\/em><\/p>\n
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Ethereum is correcting gains from the $1,755 high.<\/li>\n
The price is trading below $1,700 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a connecting bullish trend line with support near $1,690 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase unless there is a close below the $1,620 support.<\/li>\n<\/ul>\n
Ethereum Price Corrects Gains<\/h2>\n
Ethereum\u2019s price extended its increase above the $1,720 level. ETH even spiked above the $1,750 resistance zone before the bears appeared, like Bitcoin<\/a>.<\/p>\n