{"id":631243,"date":"2024-07-24T03:28:13","date_gmt":"2024-07-24T03:28:13","guid":{"rendered":"https:\/\/wncen.com\/?p=631243"},"modified":"2024-07-24T03:14:10","modified_gmt":"2024-07-24T03:14:10","slug":"ethereum-holding-pattern-3400","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/eth\/ethereum-holding-pattern-3400\/","title":{"rendered":"Ethereum In A Holding Pattern: Will It Break Out To Higher Levels?"},"content":{"rendered":"
Ethereum price failed to continue higher above the $3,500 resistance zone. ETH corrected gains and is now trading in a range above the $3,400 level.<\/em><\/p>\n
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Ethereum is consolidating below the $3,500 resistance zone.<\/li>\n
The price is trading below $3,480 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key declining channel forming with resistance at $3,470 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if there is a clear move above the $3,500 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Stuck In A Range Below $3,550<\/h2>\n