{"id":539838,"date":"2023-06-27T03:36:38","date_gmt":"2023-06-27T03:36:38","guid":{"rendered":"https:\/\/wncen.com\/?p=539838"},"modified":"2024-06-11T14:38:03","modified_gmt":"2024-06-11T14:38:03","slug":"ethereum-price-lacks-momentum-above-1900","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-lacks-momentum-above-1900\/","title":{"rendered":"Ethereum Price Lacks Momentum Above $1,900 But Dips Likely To Be Limited"},"content":{"rendered":"
Ethereum price is struggling to settle above the $1,920 resistance against the US Dollar. ETH is still at risk of a drop toward the $1,790 support.<\/em><\/p>\n
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Ethereum is still facing a major hurdle near the $1,920 resistance.<\/li>\n
The price is trading near $1,870 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a short-term contracting triangle with support near $1,890 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could decline further if it remains below $1,920 and $1,930 for a long time.<\/li>\n<\/ul>\n
Ethereum Price Grinds Lower<\/h2>\n
Ethereum\u2019s price remained below the key $1,920 resistance zone. ETH failed to stay above the $1,900 zone and extended its decline, similar to Bitcoin<\/a>.<\/p>\n