{"id":562938,"date":"2023-11-29T04:27:06","date_gmt":"2023-11-29T04:27:06","guid":{"rendered":"https:\/\/wncen.com\/?p=562938"},"modified":"2024-06-11T08:34:01","modified_gmt":"2024-06-11T08:34:01","slug":"ethereum-price-recovers-2075","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-recovers-2075\/","title":{"rendered":"Ethereum Price Recovers, Why 100 SMA Is The Key To Fresh Increase"},"content":{"rendered":"
Ethereum price recovered from the $1,985 zone. ETH is showing positive signs and might rise further if it clears the $2,075 resistance.<\/em><\/p>\n
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Ethereum is recovering higher from the $1,985 zone.<\/li>\n
The price is trading above $2,040 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a key bearish trend line with resistance near $2,040 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if it stays above the 100-hourly Simple Moving Average.<\/li>\n<\/ul>\n
Ethereum Price Eyes Fresh Increase<\/h2>\n
Ethereum price spiked before the $2,000 support before the bulls appeared. ETH traded as low as $1,986 and recently started a recovery wave, like Bitcoin<\/a>.<\/p>\n