{"id":446838,"date":"2020-10-18T06:48:03","date_gmt":"2020-10-18T06:48:03","guid":{"rendered":"https:\/\/wncen.com\/?p=446838"},"modified":"2024-06-11T14:07:12","modified_gmt":"2024-06-11T14:07:12","slug":"ethereum-100-sma-can-trigger-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-100-sma-can-trigger-rally\/","title":{"rendered":"Ethereum Struggling Below $375, But 100 SMA Can Trigger A Fresh Rally"},"content":{"rendered":"
Ethereum started a steady decline from the $395 swing high against the US Dollar. ETH price is now trading just above the main $360 support and the 100 SMA (H4).<\/em><\/p>\n
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ETH price is showing a few bearish signs below $375 and $380 against the US Dollar.<\/li>\n
The price is still holding the $365 support and the 100 simple moving average (4-hours).<\/li>\n
There is a major declining channel forming with resistance near $372 on the 4-hours chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to rally above $375 as long as it is trading above the 100 SMA (H4).<\/li>\n<\/ul>\n
Ethereum Price is Facing Hurdles<\/h2>\n
After forming a major top near the $395 level, Ethereum started a steady decline against the US Dollar. ETH price broke the $380 and $375 support levels to move into a short-term bearish zone.<\/p>\n