{"id":512995,"date":"2022-12-19T23:30:49","date_gmt":"2022-12-20T04:30:49","guid":{"rendered":"https:\/\/wncen.com\/?p=512995"},"modified":"2024-06-11T14:35:12","modified_gmt":"2024-06-11T14:35:12","slug":"ethereum-price-breaking-this-confluence-resistance-could-start-recovery","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-breaking-this-confluence-resistance-could-start-recovery\/","title":{"rendered":"Ethereum Price Breaking This Confluence Resistance Could Start Recovery"},"content":{"rendered":"
Ethereum remained in a bearish zone below the $1,250 resistance against the US Dollar. ETH is attempting a recovery wave, but the 100 hourly SMA is the key.<\/em><\/p>\n
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Ethereum made another to clear the $1,150 support, but the bulls were active.<\/li>\n
The price is now trading below $1,200 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $1,165 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a decent recovery wave if there is a move above the $1,200 resistance.<\/li>\n<\/ul>\n
Ethereum Price Faces Hurdle<\/h2>\n
Ethereum price moved into a bearish zone below the $1,250 pivot level. ETH gained bearish momentum below the $1,200 level and the 100 hourly simple moving average, similar to bitcoin<\/a>.<\/p>\n