{"id":517689,"date":"2023-01-26T23:47:10","date_gmt":"2023-01-27T04:47:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=517689"},"modified":"2024-06-11T15:49:53","modified_gmt":"2024-06-11T15:49:53","slug":"ethereum-price-rejection-1640","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-price-rejection-1640\/","title":{"rendered":"Ethereum Price Another Rejection Signals Risk of Bearish Reaction"},"content":{"rendered":"
Ethereum struggled once again to clear the $1,640 resistance against the US Dollar. ETH is correcting lower and remains at a risk of a move below the $1,550 support.<\/em><\/p>\n
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Ethereum is slowly moving lower below the $1,620 and $1,600 levels.<\/li>\n
The price is now trading below $1,600 and the 100 hourly simple moving average.<\/li>\n
There is a key contracting triangle forming with resistance near $1,590 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start another decline if there is a clear move below the $1,550 support.<\/li>\n<\/ul>\n