{"id":513319,"date":"2022-12-21T23:42:50","date_gmt":"2022-12-22T04:42:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=513319"},"modified":"2024-06-11T14:35:07","modified_gmt":"2024-06-11T14:35:07","slug":"ethereum-price-consolidates-1250","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-consolidates-1250\/","title":{"rendered":"Ethereum Price Consolidates Below $1,250: What Could Trigger A Fresh Rally?"},"content":{"rendered":"
Ethereum is facing resistance above $1,250 against the US Dollar. ETH could gain bullish momentum if it clears the $1,230 and $1,250 resistance levels.<\/em><\/p>\n
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Ethereum attempted a recovery wave and climbed above the $1,200 level.<\/li>\n
The price is now trading above $1,200 and the 100 hourly simple moving average.<\/li>\n
There is a key contracting triangle forming with resistance near $1,220 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could a steady increase if there is a clear move above $1,230 and $1,250.<\/li>\n<\/ul>\n
Ethereum Price Eyes Upsides Break<\/h2>\n
Ethereum price started an upside correction from the $1,150 support zone. ETH was able to climb above the $1,180 and $1,200 levels.<\/p>\n