{"id":526537,"date":"2023-04-12T04:22:39","date_gmt":"2023-04-12T04:22:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=526537"},"modified":"2024-06-11T08:07:34","modified_gmt":"2024-06-11T08:07:34","slug":"ethereum-price-trims-gains-1850","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-trims-gains-1850\/","title":{"rendered":"Ethereum Price Trims Gains But This Support Could Spark Fresh Increase"},"content":{"rendered":"
Ethereum price started a downside correction from the $1,940 zone against the US Dollar. ETH might revisit the key $1,840 support in the near term.<\/em><\/p>\n
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Ethereum failed to clear the $1,925 and $1,940 resistance levels.<\/li>\n
The price is trading below $1,880 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a key bullish trend line with support near $1,870 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could further lower but the bulls might be active near the $1,840 support.<\/li>\n<\/ul>\n
Ethereum Price Corrects Lower<\/h2>\n
Ethereum\u2019s price attempted more upsides above the $1,925 and $1,940 resistance levels. However, ETH struggled to settle above the $1,925 resistance zone, similar to Bitcoin<\/a>.<\/p>\n