{"id":551061,"date":"2023-09-13T04:18:03","date_gmt":"2023-09-13T04:18:03","guid":{"rendered":"https:\/\/wncen.com\/?p=551061"},"modified":"2024-06-11T14:29:12","modified_gmt":"2024-06-11T14:29:12","slug":"ethereum-price-faces-uphill-task-1620","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-faces-uphill-task-1620\/","title":{"rendered":"Ethereum Price Faces Uphill Task and Could Restart Decline To $1,500"},"content":{"rendered":"
Ethereum price is attempting a recovery wave above $1,580 against the US Dollar. ETH is struggling to clear $1,620 and might start another decline.<\/em><\/p>\n
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Ethereum is struggling to gain pace for a move above $1,600 and $1,620.<\/li>\n
The price is trading below $1,600 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bearish trend line forming with resistance near $1,600 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another decline unless there is a close above $1,620.<\/li>\n<\/ul>\n
Ethereum Price Struggles Above $1,600<\/h2>\n
Ethereum\u2019s price started an upside correction from the $1,530 level. ETH managed to recover above the $1,560 and $1,580 resistance levels, like Bitcoin<\/a>.<\/p>\n