{"id":603773,"date":"2024-04-18T04:07:19","date_gmt":"2024-04-18T04:07:19","guid":{"rendered":"https:\/\/wncen.com\/?p=603773"},"modified":"2024-06-11T07:13:39","modified_gmt":"2024-06-11T07:13:39","slug":"ethereum-price-holds-strong-3k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-holds-strong-3k\/","title":{"rendered":"Ethereum Price Holds Strong At $3K But Can Bulls Clear This Hurdle?"},"content":{"rendered":"
Ethereum price is consolidating near the $3,000 zone. ETH could start a decent recovery wave if it clears the $3,100 and $3,200 resistance levels.<\/em><\/p>\n
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Ethereum is struggling to recover above the $3,100 resistance zone.<\/li>\n
The price is trading below $3,120 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bearish trend line forming with resistance at $3,035 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another decline if it stays below the $3,100 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Holds Ground<\/h2>\n
Ethereum price slowly moved lower after it failed to clear the $3,200 resistance zone. ETH remained in a bearish zone below $3,100 and showed bearish signs, like Bitcoin<\/a>.<\/p>\n