{"id":507091,"date":"2022-10-20T04:18:32","date_gmt":"2022-10-20T04:18:32","guid":{"rendered":"https:\/\/wncen.com\/?p=507091"},"modified":"2024-06-11T14:27:47","modified_gmt":"2024-06-11T14:27:47","slug":"ethereum-price-recovery-fade-1400","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-recovery-fade-1400\/","title":{"rendered":"Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,400"},"content":{"rendered":"
Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time.<\/em><\/p>\n
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Ethereum started a fresh decline after it failed to clear the $1,350 resistance.<\/li>\n
The price is now trading below $1,320 and the 100 hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bearish momentum if it breaks the $1,265 support zone.<\/li>\n<\/ul>\n