{"id":503992,"date":"2022-09-28T05:08:49","date_gmt":"2022-09-28T05:08:49","guid":{"rendered":"https:\/\/wncen.com\/?p=503992"},"modified":"2024-06-11T14:26:45","modified_gmt":"2024-06-11T14:26:45","slug":"ethereum-price-just-reversed-1200","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-just-reversed-1200\/","title":{"rendered":"TA: Ethereum Price Just Reversed and $1,200 is Imminent, Here’s Why"},"content":{"rendered":"
Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level.<\/em><\/p>\n
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Ethereum gained bearish momentum below the $1,350 and $1,320 support levels.<\/li>\n
The price is now trading below $1,300 and the 100 hourly simple moving average.<\/li>\n
There was a break below a major bullish trend line with support at $1,290 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend its decline towards the $1,220 and $1,200 support levels.<\/li>\n<\/ul>\n