{"id":653010,"date":"2024-11-14T03:28:58","date_gmt":"2024-11-14T03:28:58","guid":{"rendered":"https:\/\/wncen.com\/?p=653010"},"modified":"2024-11-14T03:21:19","modified_gmt":"2024-11-14T03:21:19","slug":"ethereum-price-correction-3120","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-correction-3120\/","title":{"rendered":"Ethereum Price Hints at Downside Correction: Will Support Hold?"},"content":{"rendered":"
Ethereum price started a downside correction from the $3,450 zone. ETH is now consolidating and facing hurdles near the $3,250 resistance.<\/em><\/p>\n
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Ethereum started a short-term downside correction from the $3,450 zone.<\/li>\n
The price is trading above $3,120 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $3,240 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to rise if it remains stable above the $3,120 zone.<\/li>\n<\/ul>\n