{"id":626605,"date":"2024-06-27T03:38:56","date_gmt":"2024-06-27T03:38:56","guid":{"rendered":"https:\/\/wncen.com\/?p=626605"},"modified":"2024-06-27T03:15:49","modified_gmt":"2024-06-27T03:15:49","slug":"ethereum-price-roadblocks-3450","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-roadblocks-3450\/","title":{"rendered":"Ethereum Price Roadblocks: What\u2019s Hindering A Fresh Increase?"},"content":{"rendered":"
Ethereum price struggled to recover above the $3,420 resistance zone. ETH is consolidating and might decline again if there is a move below $3,320.<\/em><\/p>\n
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Ethereum is struggling to gain pace for a move above the $3,420 zone.<\/li>\n
The price is trading below $3,400 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $3,400 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $3,400 and $3,425 resistance levels to continue higher.<\/li>\n<\/ul>\n
Ethereum Price Faces Hurdles<\/h2>\n
Ethereum price started a decent recovery wave above the $3,320 level. ETH even cleared the $3,350 level but the bears were active near $3,420. A high was formed at $3,426 and the price corrected gains like Bitcoin<\/a>.<\/p>\n