{"id":627135,"date":"2024-07-01T03:48:31","date_gmt":"2024-07-01T03:48:31","guid":{"rendered":"https:\/\/wncen.com\/?p=627135"},"modified":"2024-07-01T03:29:53","modified_gmt":"2024-07-01T03:29:53","slug":"ethereum-price-bounces-3520","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-bounces-3520\/","title":{"rendered":"Ethereum Price Bounces Back Yet Lacks Strong Bullish Drive"},"content":{"rendered":"
Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term.<\/em><\/p>\n
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Ethereum slowly moved higher above the $3,450 zone.<\/li>\n
The price is trading above $3,450 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a key bearish trend line with resistance near $3,415 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $3,520 and $3,550 resistance levels to continue higher.<\/li>\n<\/ul>\n
Ethereum Price Faces Resistance<\/h2>\n
Ethereum price started a decent recovery wave above the $3,400 level. ETH even cleared the $3,420 level to move into a short-term positive zone like Bitcoin<\/a>.<\/p>\n