{"id":420394,"date":"2020-04-10T04:48:08","date_gmt":"2020-04-10T04:48:08","guid":{"rendered":"https:\/\/wncen.com\/?p=420394"},"modified":"2024-06-11T13:47:19","modified_gmt":"2024-06-11T13:47:19","slug":"ethereum-eth-could-dive-below-100-sma","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-could-dive-below-100-sma\/","title":{"rendered":"Here\u2019s Why Ethereum Could Dive Significantly Below 100 SMA"},"content":{"rendered":"
Ethereum is trading in a contracting range below the $175 resistance against the US Dollar. ETH price seems to be setting up for the next move either above $200 or towards $152.<\/em><\/p>\n
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Ethereum is facing a strong resistance near the $172 and $175 levels.<\/li>\n
The 100 hourly simple moving average at $165 is likely to act as a strong support and breakdown zone.<\/li>\n
There is a crucial contracting triangle forming with resistance near $172 on the hourly chart of ETH\/USD (data feed via SimpleFX).<\/li>\n
The pair could either rally above $175 or it might decline significantly below the 100 hourly SMA.<\/li>\n<\/ul>\n