{"id":478810,"date":"2021-12-14T05:58:53","date_gmt":"2021-12-14T05:58:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=478810"},"modified":"2024-06-11T11:53:22","modified_gmt":"2024-06-11T11:53:22","slug":"ta-ethereum-breaks-key-support-why-bulls-could-still-step-in","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ta-ethereum-breaks-key-support-why-bulls-could-still-step-in\/","title":{"rendered":"TA: Ethereum Breaks Key Support, Why Bulls Could Still Step In"},"content":{"rendered":"
Ethereum extended decline below the $3.850 support zone against the US Dollar. ETH price is consolidating and trading above the $3,700 support zone.<\/em><\/p>\n
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Ethereum extended decline below the $3,850 and $3,800 support levels.<\/li>\n
The price is now trading below $4,000 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $3,800 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if it clears the $3,850 resistance zone and the 100 hourly SMA.<\/li>\n<\/ul>\n
Ethereum Price Tumbles<\/h2>\n
Ethereum struggled to gain pace above the $4,000 and $4,050 levels. ETH started a fresh decline and traded below the $3,850 support zone.<\/p>\n