{"id":521935,"date":"2023-03-06T07:27:12","date_gmt":"2023-03-06T07:27:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521935"},"modified":"2024-06-11T14:33:03","modified_gmt":"2024-06-11T14:33:03","slug":"ethereum-price-decline-below-1540","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-decline-below-1540\/","title":{"rendered":"Ethereum Price Close Below $1,540 Could Spark Larger Degree Decline"},"content":{"rendered":"
Ethereum price found support near $1,540 against the US Dollar. ETH is consolidating losses and might attempt a recovery wave above $1,580.<\/em><\/p>\n
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Ethereum started a major decline below the $1,620 zone.<\/li>\n
The price is trading below $1,600 and the 100 hourly simple moving average.<\/li>\n
There is a key contracting triangle forming with resistance near $1,570 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could correct higher, but upsides might be limited above the $1,600 level.<\/li>\n<\/ul>\n