{"id":438262,"date":"2020-09-13T06:48:07","date_gmt":"2020-09-13T06:48:07","guid":{"rendered":"https:\/\/wncen.com\/?p=438262"},"modified":"2024-06-11T14:16:18","modified_gmt":"2024-06-11T14:16:18","slug":"ethereum-breaks-crucial-resistance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-breaks-crucial-resistance\/","title":{"rendered":"Ethereum Breaks Crucial Resistance, Technical Suggest More Upsides Above $400"},"content":{"rendered":"
Ethereum is up over 5% and it broke the key $370 and $380 resistance levels against the US Dollar. ETH price could continue to rise towards $400 or $420 as long as it is above $370.<\/em><\/p>\n
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ETH price is gaining momentum above the $360 and $370 resistance levels against the US Dollar.<\/li>\n
The price is now trading nicely above $375 and the 100 simple moving average (4-hours).<\/li>\n
There is a crucial rising channel forming with support near $350 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to continue higher towards $400 or $420 as long as the channel support is intact.<\/li>\n<\/ul>\n