{"id":453741,"date":"2021-01-05T05:28:18","date_gmt":"2021-01-05T05:28:18","guid":{"rendered":"https:\/\/wncen.com\/?p=453741"},"modified":"2024-06-11T14:12:29","modified_gmt":"2024-06-11T14:12:29","slug":"ethereum-struggles-near-1100","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-struggles-near-1100\/","title":{"rendered":"TA: Ethereum Struggles Near $1,100, Why Dips Could Be Limited Below $950"},"content":{"rendered":"
Ethereum corrected lower sharply from a new all-time high at $1,166 against the US Dollar. ETH price remained well bid near $900 and it is currently showing signs of a fresh increase.<\/em><\/p>\n
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Ethereum rallied significantly and traded to a new all-time high at $1,160 before correcting lower.<\/li>\n
The price is now consolidating above $900 and it is well above the 100 hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $980 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to resume higher as long as there is no close below $975 and $950.<\/li>\n<\/ul>\n