{"id":439832,"date":"2020-09-28T05:48:57","date_gmt":"2020-09-28T05:48:57","guid":{"rendered":"https:\/\/wncen.com\/?p=439832"},"modified":"2024-06-11T14:16:55","modified_gmt":"2024-06-11T14:16:55","slug":"decision-time-for-ethereum-350","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/decision-time-for-ethereum-350\/","title":{"rendered":"Decision Time for Ethereum: Technicals Suggest a Crucial Breakout Pattern"},"content":{"rendered":"
Ethereum is slowly moving into a positive zone above the $350 resistance against the US Dollar. ETH price must break the $362 and $365 resistance levels to continue higher.<\/em><\/p>\n
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Ethereum traded above the $350 and $355 resistance levels to move into a positive zone.<\/li>\n
The price seems to be forming a support base above $350 and the 100 hourly simple moving average.<\/li>\n
There is a key ascending channel forming with support near $352 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to continue higher if it clears the $362 and $365 resistance levels.<\/li>\n<\/ul>\n