{"id":554722,"date":"2023-10-10T04:34:10","date_gmt":"2023-10-10T04:34:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=554722"},"modified":"2024-06-11T06:44:18","modified_gmt":"2024-06-11T06:44:18","slug":"ethereum-price-grinds-lower-1500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-grinds-lower-1500\/","title":{"rendered":"Ethereum Price Grinds Lower And It’s Vulnerable to a Drop Below $1,500"},"content":{"rendered":"
Ethereum price struggled to clear $1,660 and reacted to the downside against the US dollar. ETH remains at risk of more losses if it breaks the $1,550 support.<\/em><\/p>\n
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Ethereum resumed its decline and retested the $1,550 support.<\/li>\n
The price is trading below $1,600 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance near $1,610 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could accelerate lower if there is a close below the $1,550 support zone.<\/li>\n<\/ul>\n