{"id":562760,"date":"2023-11-28T04:10:50","date_gmt":"2023-11-28T04:10:50","guid":{"rendered":"https:\/\/wncen.com\/?p=562760"},"modified":"2024-06-11T07:33:53","modified_gmt":"2024-06-11T07:33:53","slug":"ethereum-bears-pressing-1920","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-bears-pressing-1920\/","title":{"rendered":"Ethereum Bears Keep Pressing, Why ETH Price Might Revisit This Key Support"},"content":{"rendered":"
Ethereum price is moving lower from $2,130. ETH is showing a few bearish signs and might decline toward the $1,920 support zone.<\/em><\/p>\n
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Ethereum is slowly moving lower below the $2,060 zone.<\/li>\n
The price is trading below $2,060 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bearish trend line forming with resistance near $2,040 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move down toward the $1,920 support zone.<\/li>\n<\/ul>\n
Ethereum Price Extends Decline<\/h2>\n
Ethereum price started a fresh decline after it struggled near $2,130. ETH formed a high at $2,132 and started a downward movement. There was a move below the $2,100 and $2,080 levels, like Bitcoin<\/a>.<\/p>\n