{"id":456195,"date":"2021-02-08T05:18:17","date_gmt":"2021-02-08T05:18:17","guid":{"rendered":"https:\/\/wncen.com\/?p=456195"},"modified":"2024-06-11T14:13:11","modified_gmt":"2024-06-11T14:13:11","slug":"ethereum-above-1650-fresh-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-above-1650-fresh-surge\/","title":{"rendered":"TA: Why Ethereum Above $1,650 Could Start A Fresh Surge"},"content":{"rendered":"
Ethereum started a downside correction and traded below $1,600 against the US Dollar. ETH price found support near $1,487 and it is currently recovering losses.<\/em><\/p>\n
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Ethereum started a downside correction below the $1,650 and $1,600 levels.<\/li>\n
The price is now trading below $1,650 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,660 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to resume higher once it clears the $1,650 and $1,660 resistance levels in the near term.<\/li>\n<\/ul>\n