{"id":550015,"date":"2023-09-05T04:37:35","date_gmt":"2023-09-05T04:37:35","guid":{"rendered":"https:\/\/wncen.com\/?p=550015"},"modified":"2024-06-11T14:28:59","modified_gmt":"2024-06-11T14:28:59","slug":"ethereum-price-vulnerability-1600","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-vulnerability-1600\/","title":{"rendered":"Ethereum Price Indicators Suggest Vulnerability For Bigger Decline"},"content":{"rendered":"
Ethereum price is struggling to recover above $1,650 against the US Dollar. ETH is showing bearish signs and might dive below the $1,600 support.<\/em><\/p>\n
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Ethereum failed to gain strength for a move above the $1,650 zone.<\/li>\n
The price is trading below $1,640 and the 100-hourly Simple Moving Average.<\/li>\n
There are two bearish trend lines forming with resistance near $1,630 and $1,640 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could accelerate lower if the bears push it below the $1,600 support.<\/li>\n<\/ul>\n
Ethereum Price Remains At Risk<\/h2>\n
Ethereum\u2019s price attempted a recovery wave from the $1,600 support zone. ETH price climbed above the $1,630 level but the bears were active near the $1,650 zone, like Bitcoin<\/a>.<\/p>\n