{"id":544784,"date":"2023-07-28T03:21:04","date_gmt":"2023-07-28T03:21:04","guid":{"rendered":"https:\/\/wncen.com\/?p=544784"},"modified":"2024-06-11T08:42:57","modified_gmt":"2024-06-11T08:42:57","slug":"ethereum-price-downsides-1850","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-downsides-1850\/","title":{"rendered":"Ethereum Price Could Avoid More Downsides If It Closes Above One Key Level"},"content":{"rendered":"
Ethereum price is struggling to clear the $1,885 zone against the US Dollar. ETH could start a decent recovery if there is a close above $1,885 and $1,900.<\/em><\/p>\n
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Ethereum is showing a few bearish signs from the $1,885 resistance.<\/li>\n
The price is trading below $1,870 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bullish trend line forming with support near $1,858 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could decline sharply if there is a close below the $1,850 support.<\/li>\n<\/ul>\n
Ethereum Price Faces Rejection<\/h2>\n
Ethereum\u2019s price attempted a short-term recovery wave above the $1,850 zone. ETH was able to recover above the $1,855 and $1,870 levels, similar to Bitcoin<\/a>.<\/p>\n