{"id":454939,"date":"2021-01-21T05:18:13","date_gmt":"2021-01-21T05:18:13","guid":{"rendered":"https:\/\/wncen.com\/?p=454939"},"modified":"2024-06-11T14:12:52","modified_gmt":"2024-06-11T14:12:52","slug":"ethereum-steadies-above-1280","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-steadies-above-1280\/","title":{"rendered":"TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally"},"content":{"rendered":"
Ethereum corrected lower and tested the $1,250 support zone against the US Dollar. ETH price is consolidating above $1,280 and it looks set for a fresh increase in the near term.<\/em><\/p>\n
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Ethereum is holding gains above the $1,250 and $1,280 support levels.<\/li>\n
The price is currently correcting lower from $1,385, but it is above the 100 hourly simple moving average.<\/li>\n
There is a crucial contracting triangle forming with support near $1,275 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct again, but it is likely to remain well bid above the $1,250 and $1,275 support levels.<\/li>\n<\/ul>\n