{"id":477086,"date":"2021-11-23T05:08:15","date_gmt":"2021-11-23T05:08:15","guid":{"rendered":"https:\/\/wncen.com\/?p=477086"},"modified":"2024-06-11T11:52:50","modified_gmt":"2024-06-11T11:52:50","slug":"ethereum-major-drop-4k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-major-drop-4k\/","title":{"rendered":"TA: Ethereum Could Avoid a Major Drop if it Closes Above One Key Level"},"content":{"rendered":"
Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave.<\/em><\/p>\n
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Ethereum started a fresh decline from the $4,350 resistance zone.<\/li>\n
The price is now trading below $4,250 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $4,210 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend losses if it fails to stay above the $4,050 support zone.<\/li>\n<\/ul>\n