{"id":524541,"date":"2023-03-27T05:29:35","date_gmt":"2023-03-27T05:29:35","guid":{"rendered":"https:\/\/uniquehot.com\/?p=524541"},"modified":"2024-06-11T14:34:37","modified_gmt":"2024-06-11T14:34:37","slug":"ethereum-price-vulnerable-below-1-8k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-vulnerable-below-1-8k\/","title":{"rendered":"Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1.8K"},"content":{"rendered":"
Ethereum price started a fresh decline from the $1,860 resistance against the US Dollar. ETH could move down below $1,730 if it stays below $1,800 for a long time.<\/em><\/p>\n
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Ethereum started a downside correction below $1,800 and $1,780.<\/li>\n
The price is trading below $1,780 and the 100 hourly simple moving average.<\/li>\n
There was a break above a connecting bearish trend line with resistance near $1,760 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend its decline if it stays below $1,800 and $1,820 for a long time.<\/li>\n<\/ul>\n
Ethereum Price Faces Hurdle<\/h2>\n
Ethereum price remained well below the $1,860 level. ETH reacted to the downside and traded below the $1,800 support zone. It even declined below $1,750 before the bulls appeared near $1,720.<\/p>\n