{"id":488831,"date":"2022-04-25T05:08:05","date_gmt":"2022-04-25T05:08:05","guid":{"rendered":"https:\/\/wncen.com\/?p=488831"},"modified":"2024-06-11T14:20:56","modified_gmt":"2024-06-11T14:20:56","slug":"ethereum-more-losses-below-2800","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-more-losses-below-2800\/","title":{"rendered":"TA: Ethereum At Clear Risk of More Losses Below $2,800"},"content":{"rendered":"
Ethereum started a sharp decline from $3,000 against the US Dollar. ETH is struggling below $2,900 and might slide below the $2,800 level in the near term.<\/em><\/p>\n
\n
Ethereum started a major decline after there was a clear move below $3,000.<\/li>\n
The price is now trading above $2,900 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $2,935 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must stay above the $2,840 support to avoid more downsides in the near term.<\/li>\n<\/ul>\n