{"id":636355,"date":"2024-08-19T07:08:22","date_gmt":"2024-08-19T07:08:22","guid":{"rendered":"https:\/\/wncen.com\/?p=636355"},"modified":"2024-08-19T07:01:15","modified_gmt":"2024-08-19T07:01:15","slug":"ethereum-price-lower-2550","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-lower-2550\/","title":{"rendered":"Ethereum Price Turns Lower: Can ETH Bounce Back From $2,550?"},"content":{"rendered":"
Ethereum price started a pullback from the $2,680 resistance. ETH is now declining and remains at risk of more downsides if it fails to stay above $2,550.<\/em><\/p>\n
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Ethereum started a fresh decline below the $2,650 level.<\/li>\n
The price is trading below $2,680 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bullish trend line forming with support at $2,610 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend losses if it drops below the $2,550 support zone.<\/li>\n<\/ul>\n
Ethereum Price Shows Signs of Weakness<\/h2>\n
Ethereum price attempted to gain pace for a move above the $2,680 level. However, ETH failed to continue higher and started a fresh decline below $2,650 like Bitcoin<\/a>.<\/p>\n