{"id":520219,"date":"2023-02-20T05:09:09","date_gmt":"2023-02-20T05:09:09","guid":{"rendered":"https:\/\/wncen.com\/?p=520219"},"modified":"2024-06-11T07:39:09","modified_gmt":"2024-06-11T07:39:09","slug":"ethereum-price-correction-1635","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-correction-1635\/","title":{"rendered":"Ethereum Price Hints At Potential Correction, Buy The Dip? 2023-02-20"},"content":{"rendered":"
Ethereum price is struggling to clear the $1,720 resistance against the US Dollar. ETH could rally if there is a close above $1,720 and $1,740 in the near term.<\/em><\/p>\n
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Ethereum is struggling to gain pace for a move above $1,720.<\/li>\n
The price is trading above $1,650 and the 100 hourly simple moving average.<\/li>\n
There was a break below a major bullish trend line with support near $1,700 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another increase unless there is a clear move below the $1,635 support.<\/li>\n<\/ul>\n
Ethereum Price Aims Higher<\/h2>\n
Ethereum price attempted more gains above the $1,720 resistance zone. ETH spiked above the $1,720 level before the bears appeared and protected more upsides, similar to bitcoin<\/a>.<\/p>\n