{"id":640622,"date":"2024-09-09T03:18:47","date_gmt":"2024-09-09T03:18:47","guid":{"rendered":"https:\/\/www.wncen.com\/?p=640622"},"modified":"2024-09-09T03:02:39","modified_gmt":"2024-09-09T03:02:39","slug":"ethereum-price-recovery-2360","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/eth\/ethereum-price-recovery-2360\/","title":{"rendered":"Ethereum Price Recovery May Stall Near 100-SMA: Is a Drop Coming?"},"content":{"rendered":"
Ethereum price is attempting a recovery wave above $2,280. ETH must clear the $2,360 resistance to continue higher in the near term.<\/em><\/p>\n
\n
Ethereum is attempting a recovery wave from the $2,150 zone.<\/li>\n
The price is trading below $2,320 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a key bearish trend line with resistance at $2,280 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $2,360 resistance to continue higher in the near term.<\/li>\n<\/ul>\n
Ethereum Price Faces Resistance<\/h2>\n
Ethereum price attempted a recovery wave above the $2,400 level. However, ETH failed to clear the $2,450 resistance zone. There was a fresh decline below $2,320 like Bitcoin<\/a>.<\/p>\n