{"id":502182,"date":"2022-09-14T05:18:34","date_gmt":"2022-09-14T05:18:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=502182"},"modified":"2024-06-11T14:26:07","modified_gmt":"2024-06-11T14:26:07","slug":"ethereum-plunges-to-1550","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-plunges-to-1550\/","title":{"rendered":"TA: Ethereum Plunges to $1,550: Can Bulls Save the Day?"},"content":{"rendered":"
Ethereum corrected lower below $1,650 against the US Dollar. ETH must stay above the $1,550 support zone to avoid a sharp bearish reversal.<\/em><\/p>\n
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Ethereum started a key downside correction and traded below the $1,650 level.<\/li>\n
The price is now trading below $1,650 and the 100 hourly simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $1,700 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must stay above the $1,550 support to start a fresh increase in the near term.<\/li>\n<\/ul>\n
Ethereum Price Dips Over 6%<\/h2>\n
Ethereum failed to stay above the $1,750 and $1,720 levels. ETH reacted to the downside below the $1,700 level and the 100 hourly simple moving average.<\/p>\n