{"id":639938,"date":"2024-09-05T03:28:29","date_gmt":"2024-09-05T03:28:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=639938"},"modified":"2024-09-05T03:01:27","modified_gmt":"2024-09-05T03:01:27","slug":"ethereum-price-danger-2500","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-danger-2500\/","title":{"rendered":"Ethereum Price Gains in Danger: Will the Decline Continue?"},"content":{"rendered":"
Ethereum price is attempting a recovery wave above $2,420. ETH must clear the $2,500 resistance to continue higher in the near term.<\/em><\/p>\n
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Ethereum is attempting a recovery wave from the $2,320 zone.<\/li>\n
The price is trading below $2,480 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a key bearish trend line with resistance at $2,430 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $2,500 resistance to continue higher in the near term.<\/li>\n<\/ul>\n
Ethereum Price Faces Resistance<\/h2>\n
Ethereum price extended losses below the $2,400 level. ETH even traded below the $2,350 support before the bulls appeared. A low was formed at $2,308 and the price is now attempting a recovery wave like Bitcoin<\/a>.<\/p>\n