{"id":510571,"date":"2022-11-30T05:00:41","date_gmt":"2022-11-30T05:00:41","guid":{"rendered":"https:\/\/wncen.com\/?p=510571"},"modified":"2024-06-11T14:28:38","modified_gmt":"2024-06-11T14:28:38","slug":"ethereum-price-bullish-breakout-1250","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-bullish-breakout-1250\/","title":{"rendered":"Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout"},"content":{"rendered":"
Ethereum managed to clear the $1,230 resistance zone against the US Dollar. ETH tested $1,280 and seems to be forming a strong support near $1,230.<\/em><\/p>\n
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Ethereum gained bullish momentum and cleared the $1,230 resistance zone.<\/li>\n
The price is now trading above $1,230 and the 100 hourly simple moving average.<\/li>\n
There is a short-term bullish trend line forming with support near $1,230 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to rise if it stays above the $1,230 and $1,200 support levels.<\/li>\n<\/ul>\n
Ethereum Price Rallies Above Resistance<\/h2>\n
Ethereum price remained well bid above the $1,150 support zone. ETH formed a base and started a fresh increase above the $1,200 resistance, similar to bitcoin<\/a>.<\/p>\n