{"id":522570,"date":"2023-03-10T05:01:30","date_gmt":"2023-03-10T05:01:30","guid":{"rendered":"https:\/\/wncen.com\/?p=522570"},"modified":"2024-06-11T14:34:11","modified_gmt":"2024-06-11T14:34:11","slug":"ethereum-price-nosedives-1400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-nosedives-1400\/","title":{"rendered":"Ethereum Price Nosedives and Signals A Larger Degree Decline"},"content":{"rendered":"
Ethereum price is down over 8% and trading below $1,450 against the US Dollar. ETH remains at risk of a larger decline towards $1,350 in the near term.<\/em><\/p>\n
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Ethereum started a major decline from the $1,565 resistance zone.<\/li>\n
The price is trading below $1,500 and the 100 hourly simple moving average.<\/li>\n
There is a short-term contracting triangle forming with resistance near $1,425 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct higher if there is a move above the $1,450 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Dives Over 8%<\/h2>\n
Ethereum price failed to clear the $1,560 and $1,565 resistance levels. ETH formed a high near $1,565 and started a major decline, similar to bitcoin<\/a>.<\/p>\n