{"id":513160,"date":"2022-12-20T23:43:03","date_gmt":"2022-12-21T04:43:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=513160"},"modified":"2024-06-11T14:35:06","modified_gmt":"2024-06-11T14:35:06","slug":"ethereum-price-bearish-1220","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-bearish-1220\/","title":{"rendered":"Ethereum Price Bearish Signal: ETH Below 100 SMA Could Trigger Downside"},"content":{"rendered":"
Ethereum is facing resistance above $1,220 against the US Dollar. ETH could start another decline if it fails to stay above $1,200 and the 100 hourly SMA.<\/em><\/p>\n
\n
Ethereum started an upside correction above the $1,180 resistance zone.<\/li>\n
The price is now trading above $1,200 and the 100 hourly simple moving average.<\/li>\n
There is a short-term contracting triangle with resistance near $1,220 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another upward move if there is a wave above the $1,220 resistance.<\/li>\n<\/ul>\n
Ethereum Price Eyes Recovery<\/h2>\n
Ethereum price found support near the $1,150 zone and started a recovery wave. ETH was able to clear the $1,180 and $1,190 levels. The price even climbed above the $1,200 level and the 100 hourly simple moving average, similar to bitcoin<\/a>.<\/p>\n