{"id":645835,"date":"2024-10-02T03:28:28","date_gmt":"2024-10-02T03:28:28","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=645835"},"modified":"2024-10-02T02:58:32","modified_gmt":"2024-10-02T02:58:32","slug":"ethereum-price-losses-2420","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/analysis\/eth\/ethereum-price-losses-2420\/","title":{"rendered":"Ethereum Price Extends Losses: Is The Downtrend Set to Continue?"},"content":{"rendered":"
Ethereum price is gaining pace below the $2,550 resistance. ETH is now trading above $2,500, but it might struggle to recover above $2,550.<\/em><\/p>\n
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Ethereum started a downside correction below the $2,550 zone.<\/li>\n
The price is trading below $2,520 and the 100-hourly Simple Moving Average.<\/li>\n
There is a short-term consolidation pattern forming with resistance at $2,500 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must stay above the $2,420 support to start a fresh increase in the near term.<\/li>\n<\/ul>\n