{"id":505875,"date":"2022-10-12T04:58:37","date_gmt":"2022-10-12T04:58:37","guid":{"rendered":"https:\/\/wncen.com\/?p=505875"},"modified":"2024-06-11T14:27:23","modified_gmt":"2024-06-11T14:27:23","slug":"ethereum-price-consolidates-below-1300","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-consolidates-below-1300\/","title":{"rendered":"Ethereum Price Consolidates Below $1,300: What Could Trigger A Sharp Decline?"},"content":{"rendered":"
Ethereum tested the key $1,265 support zone against the US Dollar. ETH might correct higher, but upsides could face hurdles near $1,300 and $1,310.<\/em><\/p>\n
\n
Ethereum remains in a bearish zone below the $1,350 and $1,320 support levels.<\/li>\n
The price is now trading below $1,300 and the 100 hourly simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $1,285 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair remains at a risk of a sharp decline if it stays below the $1,300 pivot level.<\/li>\n<\/ul>\n