{"id":517944,"date":"2023-01-29T23:48:27","date_gmt":"2023-01-30T04:48:27","guid":{"rendered":"https:\/\/wncen.com\/?p=517944"},"modified":"2024-06-11T15:35:50","modified_gmt":"2024-06-11T15:35:50","slug":"ethereum-price-potential-rally-1800","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-potential-rally-1800\/","title":{"rendered":"Ethereum Price Hints At Potential Rally But This Resistance Is The Key"},"content":{"rendered":"
Ethereum started another increase above the $1,620 resistance against the US Dollar. ETH is rising and might rally if it clears the $1,665 resistance zone.<\/em><\/p>\n
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Ethereum is slowly moving higher above the $1,600 and $1,620 levels.<\/li>\n
The price is now trading above $1,620 and the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rally if there is a clear move above the $1,665 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Starts Increase<\/h2>\n
Ethereum price remained well bid above the $1,550 level. ETH formed a base and started a fresh increase above the $1,600 resistance zone. There was a clear move above the $1,620 resistance, similar to bitcoin<\/a>.<\/p>\n