{"id":547430,"date":"2023-08-16T04:26:11","date_gmt":"2023-08-16T04:26:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=547430"},"modified":"2024-06-11T11:28:11","modified_gmt":"2024-06-11T11:28:11","slug":"ethereum-price-bearish-1800","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-bearish-1800\/","title":{"rendered":"Ethereum Price Prints Bearish Technical Pattern, Why It Could Extend Losses"},"content":{"rendered":"
Ethereum price is moving lower below the $1,850 zone against the US Dollar. ETH could extend losses and trade below the $1,800 support.<\/em><\/p>\n
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Ethereum is slowly moving lower below the $1,850 and $1,840 resistance levels.<\/li>\n
The price is trading below $1,840 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,835 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could drop further below the $1,800 support in the near term.<\/li>\n<\/ul>\n
Ethereum Price Turns Red<\/h2>\n
Ethereum\u2019s price struggled to recover above the $1,860 resistance zone. ETH remained in a bearish zone and extended its decline below the $1,850 level, similar to Bitcoin<\/a>.<\/p>\n