{"id":426534,"date":"2020-06-08T08:58:13","date_gmt":"2020-06-08T08:58:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=426534"},"modified":"2024-06-11T13:04:35","modified_gmt":"2024-06-11T13:04:35","slug":"ethereum-eth-must-break-250-for-fresh-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-eth-must-break-250-for-fresh-rally\/","title":{"rendered":"Ethereum Defies Gravity But Here\u2019s Why It Must Break $250 For Fresh Rally"},"content":{"rendered":"
Ethereum started a fresh increase from the $235 zone against the US Dollar. ETH price is now trading nicely above $240, but it is still struggling to gain momentum above $245 and $250.<\/em><\/p>\n
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Ethereum is trading well above the $240 support and the 100 hourly simple moving average.<\/li>\n
The price must surpass the $245 and $250 resistance levels to continue higher.<\/li>\n
There was a break above a key bearish trend line with resistance near $242 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could dip in the short term, but the $240 zone is likely to provide support.<\/li>\n<\/ul>\n