{"id":576303,"date":"2024-02-22T05:20:09","date_gmt":"2024-02-22T05:20:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=576303"},"modified":"2024-06-11T08:29:29","modified_gmt":"2024-06-11T08:29:29","slug":"ethereum-price-retreats-from-3k","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-retreats-from-3k\/","title":{"rendered":"Ethereum Price Retreats From $3K But Bulls Remain In Charge"},"content":{"rendered":"
Ethereum price spiked above the $3,000 resistance before the bears appeared. ETH is correcting gains, but dips might be limited below the $2,865 support.<\/em><\/p>\n
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Ethereum struggled to stay above the $3,000 level and corrected lower.<\/li>\n
The price is trading above $2,900 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $2,950 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase unless the bears push the price below $2,865.<\/li>\n<\/ul>\n
Ethereum Price Corrects Lower<\/h2>\n
Ethereum price extended its rally above the $3,000 resistance zone. However, the bears were active above the $3,000 resistance. A new multi-week high is formed near $3,032 and the price started a downside correction, like Bitcoin<\/a>.<\/p>\n