{"id":508707,"date":"2022-11-16T05:57:00","date_gmt":"2022-11-16T05:57:00","guid":{"rendered":"https:\/\/wncen.com\/?p=508707"},"modified":"2024-06-11T12:33:04","modified_gmt":"2024-06-11T12:33:04","slug":"ethereum-price-consolidates-1300","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-consolidates-1300\/","title":{"rendered":"Ethereum Price Consolidates, ETH Indicators Suggest Upside Break"},"content":{"rendered":"
Ethereum started a recovery wave above the $1,240 level against the US Dollar. ETH could gain bullish momentum once it clears the $1,280 and $1,300 resistance levels.<\/em><\/p>\n
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Ethereum started a recovery wave above the $1,220 and $1,240 levels.<\/li>\n
The price is now trading near $1,260 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,275 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must settle above the $1,300 resistance to start a decent increase in the near term.<\/li>\n<\/ul>\n