{"id":449989,"date":"2020-11-17T06:48:54","date_gmt":"2020-11-17T06:48:54","guid":{"rendered":"https:\/\/wncen.com\/?p=449989"},"modified":"2024-06-11T14:08:28","modified_gmt":"2024-06-11T14:08:28","slug":"ethereum-lacks-momentum-above-470","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-lacks-momentum-above-470\/","title":{"rendered":"TA: Ethereum Lacks Momentum Above $470: Why Bulls Are Comfortable"},"content":{"rendered":"
Ethereum found support near the $440 level and settled above $450 against the US Dollar. ETH price is likely to gain momentum if there is a proper close above $470.<\/em><\/p>\n
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Ethereum is showing a few positive signs above the $450 and $452 support levels.<\/li>\n
The price is testing the $470 resistance and it is above the 100 hourly simple moving average.<\/li>\n
There was a break above a major bearish trend line with resistance near $452 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could accelerate higher if there is a clear break and close above $470.<\/li>\n<\/ul>\n