{"id":553225,"date":"2023-09-28T04:29:32","date_gmt":"2023-09-28T04:29:32","guid":{"rendered":"https:\/\/wncen.com\/?p=553225"},"modified":"2024-06-11T14:10:21","modified_gmt":"2024-06-11T14:10:21","slug":"ethereum-price-faces-rejection-1620","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-faces-rejection-1620\/","title":{"rendered":"Ethereum Price Faces Rejection But Bulls Are Not Out of Woods Yet"},"content":{"rendered":"
Ethereum price is attempting a fresh increase above $1,620 against the US Dollar. ETH must settle above $1,620 and $1,650 to start a decent increase.<\/em><\/p>\n
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Ethereum is attempting a recovery wave above the $1,600 level.<\/li>\n
The price is trading above $1,600 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support near $1,600 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a decent increase if there is a close above $1,620 and $1,650.<\/li>\n<\/ul>\n
Ethereum Price Holds Ground<\/h2>\n
Ethereum\u2019s price remained well-supported above the $1,580 level. ETH formed a base above $1,600 and recently moved a few points higher, like Bitcoin<\/a>.<\/p>\n