{"id":448819,"date":"2020-11-04T05:48:20","date_gmt":"2020-11-04T05:48:20","guid":{"rendered":"https:\/\/wncen.com\/?p=448819"},"modified":"2024-06-11T14:07:56","modified_gmt":"2024-06-11T14:07:56","slug":"ethereum-recovers-close-above-392-imp","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-recovers-close-above-392-imp\/","title":{"rendered":"TA: Ethereum Recovers, Close Above $392 Could Spark A Strong Rally"},"content":{"rendered":"
Ethereum\u2019s ether stayed above the $372 support and recovered nicely against the US Dollar. ETH price is now struggling to clear $392, above which it could rally significantly.<\/em><\/p>\n
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Ethereum started a decent recovery wave after it found support near the $372 level.<\/li>\n
The price is now trading above $382 and testing the 100 hourly simple moving average.<\/li>\n
There was a break above a key connecting bearish trend line with resistance near $384 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must settle above $392 to initiate a strong rally in the coming sessions.<\/li>\n<\/ul>\n