{"id":574123,"date":"2024-02-09T04:46:26","date_gmt":"2024-02-09T04:46:26","guid":{"rendered":"https:\/\/wncen.com\/?p=574123"},"modified":"2024-06-11T08:19:27","modified_gmt":"2024-06-11T08:19:27","slug":"ethereum-price-consolidates-2460","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-consolidates-2460\/","title":{"rendered":"Ethereum Price Consolidates While Bitcoin Surges, Can ETH Follow BTC Later?"},"content":{"rendered":"
Ethereum price is consolidating gains above $2,400. ETH could start a major increase if there is a clear move above the $2,460 resistance.<\/em><\/p>\n
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Ethereum is consolidating gains below the $2,460 resistance zone.<\/li>\n
The price is trading above $2,400 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bullish trend line forming with support at $2,435 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if there is a close above the $2,460 and $2,480 levels.<\/li>\n<\/ul>\n
Ethereum Price Aims Higher<\/h2>\n
Ethereum price saw a steady increase after it broke the $2,350 resistance. ETH climbed above $2,400 and tested the $2,460 zone. A high was formed near $2,463 and the price is now consolidating gains, while Bitcoin<\/a> extended its increase above the $45,000 level.<\/p>\n