{"id":430245,"date":"2020-07-10T07:58:32","date_gmt":"2020-07-10T07:58:32","guid":{"rendered":"https:\/\/wncen.com\/?p=430245"},"modified":"2024-06-11T13:07:01","modified_gmt":"2024-06-11T13:07:01","slug":"ethereum-must-stay-above-230-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-must-stay-above-230-rally\/","title":{"rendered":"Technicals Suggest Ethereum Must Stay Above $230 For Hopes of a Fresh Rally"},"content":{"rendered":"
Ethereum started a downside correction from the $248-$250 resistance zone against the US Dollar. ETH could extend its decline, but it must stay above $230 for hopes of a fresh increase.<\/em><\/p>\n
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Ethereum is correcting lower and trading near the $235 support zone.<\/li>\n
The price is now trading below the $242 pivot level and the 100 hourly simple moving average.<\/li>\n
There was a break below a major bullish trend line with support near $245 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to extend its decline towards the $230 support, where the bulls might appear.<\/li>\n<\/ul>\n