{"id":564940,"date":"2023-12-12T05:23:18","date_gmt":"2023-12-12T05:23:18","guid":{"rendered":"https:\/\/wncen.com\/?p=564940"},"modified":"2024-06-11T09:58:48","modified_gmt":"2024-06-11T09:58:48","slug":"ethereum-price-consolidates-2275","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-consolidates-2275\/","title":{"rendered":"Ethereum Price Consolidates Below Hurdle, What Could Trigger Fresh Increase"},"content":{"rendered":"
Ethereum price started a consolidation phase after a sharp decline. ETH must clear the $2,275 resistance to start a fresh increase in the near term.<\/em><\/p>\n
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Ethereum recovered losses after testing the $2,000 support zone.<\/li>\n
The price is trading below $2,320 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance near $2,240 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $2,250 and $2,275 resistance levels.<\/li>\n<\/ul>\n