{"id":426649,"date":"2020-06-09T08:58:17","date_gmt":"2020-06-09T08:58:17","guid":{"rendered":"https:\/\/uniquehot.com\/?p=426649"},"modified":"2024-06-11T13:06:45","modified_gmt":"2024-06-11T13:06:45","slug":"ethereum-holding-ground-above-key-supports-but-facing-uphill-task","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-holding-ground-above-key-supports-but-facing-uphill-task\/","title":{"rendered":"Ethereum Holding Ground Above Key Supports But Facing Uphill Task"},"content":{"rendered":"
Ethereum is still holding the key $240 support zone against the US Dollar. ETH price is also facing an uphill task near the $248 and $250 resistance levels.<\/em><\/p>\n
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Ethereum is consolidating in a range above the $240 support and the 100 hourly simple moving average.<\/li>\n
The price must gain strength above the $248 and $250 resistance levels.<\/li>\n
There is a short term bullish trend line forming with support near $243 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to rise further as long as it is above the $240 support zone and the 100 hourly SMA.<\/li>\n<\/ul>\n