{"id":516649,"date":"2023-01-18T23:41:07","date_gmt":"2023-01-19T04:41:07","guid":{"rendered":"https:\/\/wncen.com\/?p=516649"},"modified":"2024-06-11T14:35:07","modified_gmt":"2024-06-11T14:35:07","slug":"ethereum-price-dips-1600","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-dips-1600\/","title":{"rendered":"Ethereum Price Dips From $1,600 But ETH Could Start A Fresh Rally"},"content":{"rendered":"
Ethereum struggled to clear the $1,600 resistance and corrected lower against the US Dollar. ETH could remains supported and might rise from the $1,500 support.<\/em><\/p>\n
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Ethereum is correcting gains from the $1,600 and $1,580 resistance levels.<\/li>\n
The price is now trading below $1,550 and the 100 hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support near $1,580 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise again if it stays above the $1,500 support zone.<\/li>\n<\/ul>\n
Ethereum Price Remains Supported For More Gains<\/h2>\n
Ethereum price struggled to clear the $1,600 resistance zone. ETH formed a high near $1,610 and started a fresh downside correction, similar to bitcoin<\/a> from $21,500.<\/p>\n