{"id":555474,"date":"2023-10-16T04:21:29","date_gmt":"2023-10-16T04:21:29","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=555474"},"modified":"2024-06-11T14:30:08","modified_gmt":"2024-06-11T14:30:08","slug":"ethereum-price-avoids-collapse-1520","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ethereum\/ethereum-price-avoids-collapse-1520\/","title":{"rendered":"Ethereum Price Avoids Collapse But Recovery Could Be Capped"},"content":{"rendered":"
Ethereum price managed to recover from the $1,520 level against the US dollar. ETH is now facing hurdles near the $1,565 and $1,600 resistance levels.<\/em><\/p>\n
\n
Ethereum is attempting a recovery wave above the $1,550 level.<\/li>\n
The price is trading just above $1,550 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a major bearish trend line with resistance near $1,555 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another decline unless there is a clear move above $1,565 and $1,600.<\/li>\n<\/ul>\n
Ethereum Price Starts Minor Recovery<\/h2>\n
Ethereum managed to stay above the $1,500 and $1,520 levels. ETH formed a short-term support base and recently started a fresh increase from the $1,520 zone, like Bitcoin<\/a>.<\/p>\n