{"id":461574,"date":"2021-04-19T04:08:28","date_gmt":"2021-04-19T04:08:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=461574"},"modified":"2024-06-11T13:55:04","modified_gmt":"2024-06-11T13:55:04","slug":"ethereum-2300-is-a-major-hurdle","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-2300-is-a-major-hurdle\/","title":{"rendered":"TA: Ethereum Corrects Losses, Here\u2019s Why $2,300 Is A Major Hurdle"},"content":{"rendered":"
Ethereum started a sharp downside correction below $2,400 and $2,300 against the US Dollar. ETH price is correcting losses, but it is likely to face sellers near $2,300.<\/em><\/p>\n
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Ethereum declined heavily from well above $2,400 and tested the $2,000 zone.<\/li>\n
The price is now trading well below $2,300 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $2,250 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair is likely to face a strong resistance near $2,300 and $2,320.<\/li>\n<\/ul>\n
Ethereum Price Is Correcting Losses<\/h2>\n
Ethereum formed a short-term top near the $2,550 level and started a major decline. ETH traded below many important supports near the $2,400 and $2,300.<\/p>\n