{"id":436142,"date":"2020-08-25T07:48:39","date_gmt":"2020-08-25T07:48:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=436142"},"modified":"2024-06-11T14:15:33","modified_gmt":"2024-06-11T14:15:33","slug":"ethereum-price-holds-strong-at-400","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-holds-strong-at-400\/","title":{"rendered":"Ethereum Price Holds Strong at $400: Technicals Suggest It Could Outperform"},"content":{"rendered":"
Ethereum gained bullish momentum above the $400 resistance against the US Dollar. ETH price is currently consolidating above $400 and it is likely to climb above $410.<\/em><\/p>\n
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Ethereum is following a positive path above the $398 and $400 support levels.<\/li>\n
The price climbed to a new weekly high near $411 and settled above the 100 hourly simple moving average.<\/li>\n
There is a major bullish trend line forming with support near $400 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to continue higher above $410 as long as it is above the $400 support zone.<\/li>\n<\/ul>\n