{"id":548787,"date":"2023-08-25T04:06:12","date_gmt":"2023-08-25T04:06:12","guid":{"rendered":"https:\/\/wncen.com\/?p=548787"},"modified":"2024-06-11T08:01:12","modified_gmt":"2024-06-11T08:01:12","slug":"ethereum-whales-accumulate-1620","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-whales-accumulate-1620\/","title":{"rendered":"Ethereum Whales Accumulate \u2013 Can Price Start Recovery Now?"},"content":{"rendered":"
Ethereum price is struggling to rise above $1,700 against the US Dollar. ETH whales seem to accumulate, and the $1,620 support could be the key.<\/em><\/p>\n
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Ethereum is struggling to rise above the $1,680 and $1,700 levels.<\/li>\n
The price is trading below $1,670 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $1,665 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a decent increase above the $1,670 and $1,700 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Holds Support<\/h2>\n
Ethereum\u2019s price started a short-term upside correction above the $1,650 level. ETH even climbed above the $1,670 level but the bears were active near the $1,700 zone, like Bitcoin<\/a>.<\/p>\n