{"id":627298,"date":"2024-07-02T03:28:15","date_gmt":"2024-07-02T03:28:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=627298"},"modified":"2024-07-02T03:16:27","modified_gmt":"2024-07-02T03:16:27","slug":"ethereum-price-correction-3420","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-correction-3420\/","title":{"rendered":"Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher?"},"content":{"rendered":"
Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term.<\/em><\/p>\n
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Ethereum started a downside correction after it failed to surpass the $3,520 zone.<\/li>\n
The price is trading above $3,420 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $3,470 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $3,470 and $3,520 resistance levels to continue higher.<\/li>\n<\/ul>\n
Ethereum Price Corrects Lower<\/h2>\n
Ethereum price started a decent upward move above the $3,420 level. ETH even cleared the $3,450 level to move into a short-term positive zone like Bitcoin<\/a>.<\/p>\n