{"id":569729,"date":"2024-01-16T04:51:05","date_gmt":"2024-01-16T04:51:05","guid":{"rendered":"https:\/\/ktsl888.com\/?p=569729"},"modified":"2024-06-11T07:06:48","modified_gmt":"2024-06-11T07:06:48","slug":"ethereum-price-rangebound-2440","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-rangebound-2440\/","title":{"rendered":"Ethereum Price Rangebound \u2013 Can ETH Pump Again To Retest $2,700?"},"content":{"rendered":"
Ethereum price corrected lower and tested the $2,440 support. ETH is now trading in a range and facing hurdles near the $2,550 and $2,585 levels.<\/em><\/p>\n
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Ethereum is attempting a fresh increase from the $2,450 level.<\/li>\n
The price is trading just above $2,500 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $2,510 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $2,550 and $2,585 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Holds Key Support<\/h2>\n
Ethereum price started a downside correction below the $2,620 support zone. ETH even declined below the $2,550 support, but the bulls were active near $2,440. A low was formed near $2,469 and the price is now trading in a range, like Bitcoin<\/a>.<\/p>\n