{"id":567051,"date":"2023-12-27T03:24:25","date_gmt":"2023-12-27T03:24:25","guid":{"rendered":"https:\/\/wncen.com\/?p=567051"},"modified":"2024-06-11T14:43:45","modified_gmt":"2024-06-11T14:43:45","slug":"ethereum-price-hints-at-potential-correction-buy-the-dip","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-hints-at-potential-correction-buy-the-dip\/","title":{"rendered":"Ethereum Price Hints At Potential Correction, Buy The Dip?"},"content":{"rendered":"
Ethereum price is correcting gains from the $2,320 resistance zone. ETH is moving lower and might even test $2,050 before the bulls take a stand.<\/em><\/p>\n
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Ethereum is correcting gains below the $2,250 support zone.<\/li>\n
The price is trading below $2,240 and the 100-hourly Simple Moving Average.<\/li>\n
There are two bearish trend lines forming with resistance near $2,230 and $2,260 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend its decline and revisit the $2,050 support zone.<\/li>\n<\/ul>\n
Ethereum Price Extends Losses<\/h2>\n
Ethereum price started a downside correction from the $2,325 level. ETH declined below the $2,300 and $2,265 levels. The bears were even able to push the pair below the $2,200 level, like Bitcoin<\/a>.<\/p>\n