{"id":572490,"date":"2024-01-31T10:41:28","date_gmt":"2024-01-31T10:41:28","guid":{"rendered":"https:\/\/wncen.com\/?p=572490"},"modified":"2024-06-11T06:49:31","modified_gmt":"2024-06-11T06:49:31","slug":"ethereum-price-trims-gains-2300","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-trims-gains-2300\/","title":{"rendered":"Ethereum Price Trims Gains But 100 SMA Could Trigger Fresh Increase"},"content":{"rendered":"
Ethereum price extended its increase above the $2,320 resistance zone. ETH is correcting gains but the 100 hourly SMA might provide support and start a fresh increase.<\/em><\/p>\n
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Ethereum started an extended recovery wave above the $2,320 resistance zone.<\/li>\n
The price is trading above $2,300 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a key bullish trend lien with support at $2,325 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair might start a fresh increase if it manages to stay above the $2,300 level.<\/li>\n<\/ul>\n
Ethereum Price Holds Support<\/h2>\n
Ethereum price remained in a positive zone above the $2,250 resistance zone. ETH cleared the $2,320 resistance to move further into a positive zone, outperforming Bitcoin<\/a>.<\/p>\n