{"id":645393,"date":"2024-09-30T03:28:49","date_gmt":"2024-09-30T03:28:49","guid":{"rendered":"https:\/\/www.wncen.com\/?p=645393"},"modified":"2024-09-30T03:14:42","modified_gmt":"2024-09-30T03:14:42","slug":"ethereum-price-trims-gains-2720","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/analysis\/eth\/ethereum-price-trims-gains-2720\/","title":{"rendered":"Ethereum Price Trims Gains: Is the Rally Losing Steam?"},"content":{"rendered":"
Ethereum price is correcting gains from the $2,720 resistance. ETH is now trading below $2,650 and might find bids near the $2,600 level.<\/em><\/p>\n
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Ethereum started a downside correction from the $2,720 zone.<\/li>\n
The price is trading below $2,650 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance at $2,650 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must stay above the $2,600 support to start a fresh increase in the near term.<\/li>\n<\/ul>\n
Ethereum Price Dips Again<\/h2>\n
Ethereum price extended gains and traded above the $2,650 level. ETH even cleared the $2,700 level before the bears appeared. A high was formed at $2,728 and the price started a downside correction like Bitcoin<\/a>.<\/p>\n