{"id":438327,"date":"2020-09-14T05:48:40","date_gmt":"2020-09-14T05:48:40","guid":{"rendered":"https:\/\/wncen.com\/?p=438327"},"modified":"2024-06-11T14:16:20","modified_gmt":"2024-06-11T14:16:20","slug":"ethereum-lacks-momentum-above-370","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-lacks-momentum-above-370\/","title":{"rendered":"Ethereum Lacks Momentum Above $370: Here’s Why Bulls Are Comfortable"},"content":{"rendered":"
Ethereum failed to continue high above $390 against the US Dollar. ETH price is currently trading above a crucial support at $350, below which it could turn negative.<\/em><\/p>\n
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Ethereum declined below the $375 support after it failed near the $390 level.<\/li>\n
The price is now trading below the 100 hourly simple moving average, but it is well above $350.<\/li>\n
There is a crucial bullish trend line forming with support near $358 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must stay above the $350 support level to start a fresh increase in the near term.<\/li>\n<\/ul>\n