{"id":525939,"date":"2023-04-07T04:09:46","date_gmt":"2023-04-07T04:09:46","guid":{"rendered":"https:\/\/wncen.com\/?p=525939"},"modified":"2024-06-11T14:34:55","modified_gmt":"2024-06-11T14:34:55","slug":"ethereum-price-fresh-increase-1850","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-fresh-increase-1850\/","title":{"rendered":"Ethereum Price Hints At Potential Fresh Increase But 100 SMA Is The Key"},"content":{"rendered":"
Ethereum price corrected gains and traded below $1,880 against the US Dollar. ETH is holding the $1,850 support and might aim for a fresh increase.<\/em><\/p>\n
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Ethereum started a downside correction from the $1,925 resistance zone.<\/li>\n
The price is trading above $1,850 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $1,880 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise again if it stays above the $1,860 and $1,850 support levels.<\/li>\n<\/ul>\n
Ethereum Price Holds Key Support<\/h2>\n
Ethereum\u2019s price failed to gain pace above the $1,925 resistance zone. ETH started a downside correction and traded below the $1,880 support zone, but downsides were limited compared to Bitcoin<\/a>.<\/p>\n