{"id":426286,"date":"2020-06-05T08:48:00","date_gmt":"2020-06-05T08:48:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=426286"},"modified":"2024-06-11T14:03:38","modified_gmt":"2024-06-11T14:03:38","slug":"ethereum-eth-trading-near-crucial-juncture","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-trading-near-crucial-juncture\/","title":{"rendered":"Ethereum Trading Near Crucial Juncture And 100 SMA Holds The Key"},"content":{"rendered":"
Ethereum is trading in a tight range above the $240 support against the US Dollar. ETH price likely to accelerate higher above the $245 and $250 resistance levels in the near term.<\/em><\/p>\n
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Ethereum is trading above a major support and pivot area at $240.<\/li>\n
The price is likely to surge if it clears the $245 resistance and the $250 barrier.<\/li>\n
There is a major contracting triangle forming with resistance near $244 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could either rally above the $245 level or it might start a strong decrease below $240.<\/li>\n<\/ul>\n