{"id":624133,"date":"2024-06-12T03:38:37","date_gmt":"2024-06-12T03:38:37","guid":{"rendered":"https:\/\/wncen.com\/?p=624133"},"modified":"2024-06-12T09:31:24","modified_gmt":"2024-06-12T09:31:24","slug":"ethereum-price-slips-3430","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum-price-slips-3430\/","title":{"rendered":"Ethereum Price Slips: Slow Descent as Market Pressure Mounts"},"content":{"rendered":"
Ethereum price failed to recover above the $3,650 resistance. ETH declined again below the $3,550 level and now shows bearish signs below $3,600.<\/em><\/p>\n
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Ethereum started a fresh decline below the $3,550 support zone.<\/li>\n
The price is trading below $3,550 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance near $3,650 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend losses if it stays below the $3,650 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Takes Hit<\/h2>\n
Ethereum price attempted a recovery wave but there was no bullish momentum. ETH failed to settle above the $3,650 level and started another decline. There was a steady decline below the $3,600 level.<\/p>\n