{"id":517381,"date":"2023-01-24T23:46:52","date_gmt":"2023-01-25T04:46:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=517381"},"modified":"2024-06-11T14:35:15","modified_gmt":"2024-06-11T14:35:15","slug":"ethereum-price-drops-1500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-drops-1500\/","title":{"rendered":"Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support"},"content":{"rendered":"
Ethereum started a downside correction below $1,600 against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,480 support.<\/em><\/p>\n
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Ethereum is showing a few bearish signs below the $1,600 and $1,580 levels.<\/li>\n
The price is now trading below $1,600 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,620 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could recover if it stays above the $1,500 and $1,480 support levels.<\/li>\n<\/ul>\n