{"id":517232,"date":"2023-01-24T00:36:12","date_gmt":"2023-01-24T05:36:12","guid":{"rendered":"https:\/\/wncen.com\/?p=517232"},"modified":"2024-06-11T14:35:10","modified_gmt":"2024-06-11T14:35:10","slug":"ethereum-price-bullish-1650","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-bullish-1650\/","title":{"rendered":"Ethereum Price Forms Bullish Continuation Pattern and Could Rally Again"},"content":{"rendered":"
Ethereum is consolidating gains above $1,600 against the US Dollar. ETH is showing positive signs and might start another increase above $1,650.<\/em><\/p>\n
\n
Ethereum is showing positive signs above the $1,620 and $1,600 levels.<\/li>\n
The price is now trading above $1,600 and the 100 hourly simple moving average.<\/li>\n
There is a key bullish flag forming with resistance near $1,640 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rally again if it clears the $1,640 and $1,650 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Could Pop Higher<\/h2>\n
Ethereum price started a downside correction from the $1,680 resistance zone. ETH corrected lower below the $1,650 and $1,620 level, similar to bitcoin<\/a>.<\/p>\n