{"id":554158,"date":"2023-10-05T04:38:38","date_gmt":"2023-10-05T04:38:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=554158"},"modified":"2024-06-11T14:29:53","modified_gmt":"2024-06-11T14:29:53","slug":"ethereum-price-recovery-hurdle-1665","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-recovery-hurdle-1665\/","title":{"rendered":"Ethereum Price Recovery In Jeopardy? Decoding Key Hurdles To Fresh Increase"},"content":{"rendered":"
Ethereum price is struggling to stay above the $1,620 support against the US dollar. ETH must clear the $1,665 hurdle to start a fresh increase.<\/em><\/p>\n
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Ethereum trimmed all gains and now trading near the $1,630 level.<\/li>\n
The price is trading below $1,660 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bearish trend line forming with resistance near $1,650 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if it clears the $1,650 and $1,665 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Holds Support<\/h2>\n
Ethereum managed to recover and stay above the $1,620 pivot level. Yesterday, we discussed a bearish reaction in ETH below the $1,650 level, like Bitcoin<\/a>.<\/p>\n