{"id":471835,"date":"2021-09-17T05:08:42","date_gmt":"2021-09-17T05:08:42","guid":{"rendered":"https:\/\/wncen.com\/?p=471835"},"modified":"2024-06-11T13:58:41","modified_gmt":"2024-06-11T13:58:41","slug":"ethereum-consolidates-3550","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-consolidates-3550\/","title":{"rendered":"TA: Ethereum Consolidates, What Could Spark A Fresh Rally"},"content":{"rendered":"
Ethereum is consolidating gains near the $3,580 resistance zone against the US Dollar. ETH price could start a fresh rally if it clears the $600 level.<\/em><\/p>\n
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Ethereum remained in a positive zone above the $3,500 and $3,550 resistance levels.<\/li>\n
The price is now trading above $3,520 and the 100 hourly simple moving average.<\/li>\n
There is a key breakout pattern forming with resistance near $3,580 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another increase if it clears the $580 and $600 levels in the near term.<\/li>\n<\/ul>\n
Ethereum Price is Eyeing More Gains<\/h2>\n
Ethereum was able to settle above the main $3,500 resistance zone. ETH even extended its rise above the $3,600 level and settled well above the 100 hourly simple moving average<\/a>.<\/p>\n