{"id":509104,"date":"2022-11-18T05:17:51","date_gmt":"2022-11-18T05:17:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=509104"},"modified":"2024-06-11T14:28:20","modified_gmt":"2024-06-11T14:28:20","slug":"ethereum-price-recovery-fade-1300","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-recovery-fade-1300\/","title":{"rendered":"Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,300"},"content":{"rendered":"
Ethereum is consolidating losses above the $1,200 support against the US Dollar. ETH could start a steady increase if there is a clear move above the $1,300 resistance.<\/em><\/p>\n
\n
Ethereum is facing resistance near the $1,240 and $1,250 levels.<\/li>\n
The price is now trading below $1,240 and the 100 hourly simple moving average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,240 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a decent increase if there is a clear move above $1,240 and $1,300.<\/li>\n<\/ul>\n