{"id":435767,"date":"2020-08-21T05:48:02","date_gmt":"2020-08-21T05:48:02","guid":{"rendered":"https:\/\/wncen.com\/?p=435767"},"modified":"2024-06-11T14:15:24","modified_gmt":"2024-06-11T14:15:24","slug":"ethereum-could-surge-above-420","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-could-surge-above-420\/","title":{"rendered":"Ethereum Could Narrowly Avoid a Major Decline if it Closes Above One Key Level"},"content":{"rendered":"
Ethereum spiked below the $400 support before recovering higher against the US Dollar. ETH price must surpass the $420 resistance and the 100 hourly SMA to start a fresh increase.<\/em><\/p>\n
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Ethereum is currently holding the $405 and $400 support levels.<\/li>\n
The price is facing a major barrier near the $420 level and the 100 hourly simple moving average.<\/li>\n
There was a break above a crucial bearish trend line with resistance near $407 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a strong increase if it clears the $418 and $420 resistance levels.<\/li>\n<\/ul>\n