{"id":653599,"date":"2024-11-18T03:38:13","date_gmt":"2024-11-18T03:38:13","guid":{"rendered":"https:\/\/ktsl888.com\/?p=653599"},"modified":"2024-11-18T03:19:44","modified_gmt":"2024-11-18T03:19:44","slug":"ethereum-price-confronts-barriers-3120","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-confronts-barriers-3120\/","title":{"rendered":"Ethereum Price Confronts Barriers to a New Surge\u2014Can Bulls Prevail?"},"content":{"rendered":"
Ethereum price started a downside correction below the $3,150 zone. ETH is now consolidating near $3,120 and might attempt a fresh increase.<\/em><\/p>\n
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Ethereum started a short-term downside correction below the $3,150 zone.<\/li>\n
The price is trading below $3,200 and the 100-hourly Simple Moving Average.<\/li>\n
There is a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if it remains stable above the $3,040 zone.<\/li>\n<\/ul>\n