{"id":550192,"date":"2023-09-06T04:14:37","date_gmt":"2023-09-06T04:14:37","guid":{"rendered":"https:\/\/wncen.com\/?p=550192"},"modified":"2024-06-11T11:46:47","modified_gmt":"2024-06-11T11:46:47","slug":"ethereum-price-lacks-momentum-1650","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-lacks-momentum-1650\/","title":{"rendered":"Ethereum Price Shows Signs of Life But Lacks Momentum Above $1,650"},"content":{"rendered":"
Ethereum price is attempting a recovery wave above $1,620 against the US Dollar. ETH must settle above $1,650 to start a decent increase.<\/em><\/p>\n
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Ethereum is slowly moving higher from the $1,600 support zone.<\/li>\n
The price is trading near $1,630 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above two bearish trend lines with resistance near $1,620 and $1,630 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a steady increase if there is a close above the $1,650 resistance.<\/li>\n<\/ul>\n
Ethereum Price Holds Key Support<\/h2>\n
Ethereum\u2019s price managed to stay above the $1,600 support zone. ETH price is forming a base and is currently attempting a recovery wave above $1,620, like Bitcoin<\/a>.<\/p>\n