{"id":439091,"date":"2020-09-21T05:48:59","date_gmt":"2020-09-21T05:48:59","guid":{"rendered":"https:\/\/wncen.com\/?p=439091"},"modified":"2024-06-11T14:16:39","modified_gmt":"2024-06-11T14:16:39","slug":"ethereum-eth-could-start-strong-increase","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-eth-could-start-strong-increase\/","title":{"rendered":"Ethereum Above This Confluence Resistance Could Start Strong Increase"},"content":{"rendered":"
Ethereum corrected lower below the $380 level, but it found support near $365 against the US Dollar. ETH price is currently rising, but it must surpass the key $380 zone for a strong upward move.<\/em><\/p>\n
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Ethereum is currently recovering from $365 and trading above the $372 level.<\/li>\n
The price is facing a strong resistance near the $380 zone and the 100 hourly simple moving average.<\/li>\n
There is a key declining channel forming with resistance near $380 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to climb higher towards $400 if it clears the $380 confluence resistance.<\/li>\n<\/ul>\n