{"id":534898,"date":"2023-05-25T04:10:22","date_gmt":"2023-05-25T04:10:22","guid":{"rendered":"https:\/\/wncen.com\/?p=534898"},"modified":"2024-06-11T08:34:01","modified_gmt":"2024-06-11T08:34:01","slug":"ethereum-price-plunges-1760","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-plunges-1760\/","title":{"rendered":"Ethereum Price Plunges Again: Start of Another Decline Or Buying Opportunity"},"content":{"rendered":"
Ethereum price started a fresh decline below the $1,820 support against the US Dollar. ETH is showing bearish signs and might decline further toward $1,700.<\/em><\/p>\n
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Ethereum is currently moving lower below the $1,820 support zone.<\/li>\n
The price is trading below $1,800 and the 100-hourly Simple Moving Average.<\/li>\n
There are two bearish trend lines forming with resistance near $1,790 and $1,820 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue lower toward the $1,720 and $1,700 levels.<\/li>\n<\/ul>\n
Ethereum Price Extends Losses<\/h2>\n
Ethereum\u2019s price failed to recover above the $1,850 resistance zone. ETH started a fresh decline and traded below the $1,820 support zone, similar to Bitcoin<\/a>.<\/p>\n