{"id":538185,"date":"2023-06-16T03:28:21","date_gmt":"2023-06-16T03:28:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=538185"},"modified":"2024-06-11T08:15:22","modified_gmt":"2024-06-11T08:15:22","slug":"ethereum-price-consolidates-1720","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-consolidates-1720\/","title":{"rendered":"Ethereum Price Consolidates Below $1,720: What Could Trigger Another Decline?"},"content":{"rendered":"
Ethereum price is still struggling below $1,720 against the US Dollar. ETH could continue to move down if it stays below $1,700 and $1,720.<\/em><\/p>\n
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Ethereum is slowly moving higher from the $1,620 support zone.<\/li>\n
The price is trading below $1,700 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,720 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could struggle to recover above the $1,700 and $1,720 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Faces Uphill Task<\/h2>\n
Ethereum\u2019s price remained in a bearish zone below the $1,720 resistance. ETH extended its decline below the $1,660 level, similar to Bitcoin<\/a>.<\/p>\n