{"id":646203,"date":"2024-10-04T03:28:03","date_gmt":"2024-10-04T03:28:03","guid":{"rendered":"https:\/\/wncen.com\/?p=646203"},"modified":"2024-10-04T02:45:00","modified_gmt":"2024-10-04T02:45:00","slug":"ethereum-price-hurdle-2400","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-hurdle-2400\/","title":{"rendered":"Ethereum Price Next Move Hinges on Clearing This Crucial Hurdle"},"content":{"rendered":"
Ethereum price extended its decline below the $2,350 level. ETH is now recovering from losses and faces a major hurdle near the $2,300 zone.<\/em><\/p>\n
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Ethereum declined further and traded below the $2,350 zone.<\/li>\n
The price is trading below $2,400 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance at $2,400 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $2,400 and $2,420 resistance levels to start a decent increase in the near term.<\/li>\n<\/ul>\n
Ethereum Price Eyes Recovery<\/h2>\n
Ethereum price remained in a bearish zone and extended losses below the $2,400 level. ETH traded below the $2,350 support to move further in a bearish zone like Bitcoin<\/a>.<\/p>\n