{"id":507271,"date":"2022-10-21T04:10:24","date_gmt":"2022-10-21T04:10:24","guid":{"rendered":"https:\/\/wncen.com\/?p=507271"},"modified":"2024-06-11T14:27:50","modified_gmt":"2024-06-11T14:27:50","slug":"ethereum-price-wont-go-down-quietly-1265","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-wont-go-down-quietly-1265\/","title":{"rendered":"Ethereum Price Won’t Go Down Quietly: Risk of Bounce Grows"},"content":{"rendered":"
Ethereum is forming a base above the $1,265 level against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance zone.<\/em><\/p>\n
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Ethereum is holding the main breakdown support at $1,265.<\/li>\n
The price is now trading below $1,310 and the 100 hourly simple moving average.<\/li>\n
There is a new connecting bearish trend line forming with resistance near $1,295 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a decent upward move if there is a clear move above $1,300 and $1,320.<\/li>\n<\/ul>\n