{"id":552429,"date":"2023-09-22T03:55:59","date_gmt":"2023-09-22T03:55:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=552429"},"modified":"2024-06-11T11:15:13","modified_gmt":"2024-06-11T11:15:13","slug":"ethereum-price-plunges-1565","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-plunges-1565\/","title":{"rendered":"Ethereum Price Plunges After Rejection, Are Bears Back In Action?"},"content":{"rendered":"
Ethereum price gained bearish momentum below $1,620 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,540.<\/em><\/p>\n
\n
Ethereum declined further below the $1,600 support zone.<\/li>\n
The price is trading below $1,620 and the 100-hourly Simple Moving Average.<\/li>\n
There are two bearish trend lines forming with resistance near $1,600 and $1,620 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move down and test the $1,540 support in the short term.<\/li>\n<\/ul>\n