{"id":509449,"date":"2022-11-21T05:20:51","date_gmt":"2022-11-21T05:20:51","guid":{"rendered":"https:\/\/wncen.com\/?p=509449"},"modified":"2024-06-11T14:28:25","modified_gmt":"2024-06-11T14:28:25","slug":"ethereum-price-dives-8-why-eth-might-soon-test-1k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-dives-8-why-eth-might-soon-test-1k\/","title":{"rendered":"Ethereum Price Dives 8%, Why ETH Might Soon Test $1K"},"content":{"rendered":"
Ethereum started another decline below the $1,180 support against the US Dollar. ETH is down over 8% and there is a risk of a move towards the $1,000 support.<\/em><\/p>\n
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Ethereum started a major decline below the $1,180 and $1,170 support levels.<\/li>\n
The price is now trading below $1,150 and the 100 hourly simple moving average.<\/li>\n
There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct losses, but there is a risk of more downsides towards $1,000.<\/li>\n<\/ul>\n