{"id":514212,"date":"2022-12-30T01:02:50","date_gmt":"2022-12-30T06:02:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=514212"},"modified":"2024-06-11T14:35:09","modified_gmt":"2024-06-11T14:35:09","slug":"ethereum-price-signals-bearish-1100","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-signals-bearish-1100\/","title":{"rendered":"Ethereum Price Signals Bearish Moves, Test of $1,100 Seems Possible"},"content":{"rendered":"
Ethereum is still showing bearish signs below the $1,200 zone against the US Dollar. ETH could continue to move down below the $1,180 support zone.<\/em><\/p>\n
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Ethereum is attempting a minor upside correction towards the $1,200 barrier.<\/li>\n
The price is now trading below $1,200 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance near $1,195 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair remains at a risk of a larger decline towards the $1,100 level or even $1,000.<\/li>\n<\/ul>\n
Ethereum Price Struggles<\/h2>\n
Ethereum price remained stable near the $1,180 level. ETH formed a base and started a minor upside correction from $1,180, similar to bitcoin<\/a>.<\/p>\n