{"id":506043,"date":"2022-10-13T04:28:13","date_gmt":"2022-10-13T04:28:13","guid":{"rendered":"https:\/\/wncen.com\/?p=506043"},"modified":"2024-06-11T14:27:25","modified_gmt":"2024-06-11T14:27:25","slug":"ethereum-price-remains-vulnerable-will-eth-fall-back-to-1k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-remains-vulnerable-will-eth-fall-back-to-1k\/","title":{"rendered":"Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?"},"content":{"rendered":"
Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH is declining and there is a risk of a drop below the $1,265 support.<\/em><\/p>\n
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Ethereum is still showing bearish signs 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 below a key rising channel with support at $1,290 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair remains at a risk of more losses unless there is a clear move above the $1,300 level.<\/li>\n<\/ul>\n
Ethereum Price Remains In Downtrend<\/h2>\n
Ethereum started a minor upside correction from the $1,265 support zone. ETH traded as low as $1,268 and recovered above the $1,280 level.<\/p>\n
There was a break above the 23.6% Fib retracement level of the downward move from the $1,338 swing high to $1,268 low. Ether price even attempted a clear move above the $1,300 resistance zone and the 100 hourly simple moving average.<\/p>\n