{"id":554904,"date":"2023-10-11T04:48:14","date_gmt":"2023-10-11T04:48:14","guid":{"rendered":"https:\/\/wncen.com\/?p=554904"},"modified":"2024-06-11T11:45:08","modified_gmt":"2024-06-11T11:45:08","slug":"ethereum-price-targets-fresh-lows-1540","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-targets-fresh-lows-1540\/","title":{"rendered":"Ethereum Price Targets Fresh Lows, Can Bulls Save This Key Support?"},"content":{"rendered":"
Ethereum price is struggling to stay above the $1,550 support against the US dollar. ETH could take a hit if it settles below $1,550 and then $1,540.<\/em><\/p>\n
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Ethereum is showing bearish signs and struggling to clear the $1,600.<\/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 a recovery wave if the bulls defend the $1,550 support zone.<\/li>\n<\/ul>\n
Ethereum Price Struggles<\/h2>\n
Ethereum failed to start a recovery wave above the $1,600 resistance zone. ETH remained in a bearish zone and extended its decline toward $1,550, like Bitcoin<\/a>.<\/p>\n