{"id":557781,"date":"2023-10-27T04:08:54","date_gmt":"2023-10-27T04:08:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=557781"},"modified":"2024-06-11T13:09:53","modified_gmt":"2024-06-11T13:09:53","slug":"ethereum-price-hints-correction-1750","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-hints-correction-1750\/","title":{"rendered":"Ethereum Price Hints At Potential Correction, Buy The Dip?"},"content":{"rendered":"
Ethereum price started a downside correction from the $1,866 high against the US dollar. ETH must stay above the $1,750 support to start a fresh increase.<\/em><\/p>\n
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Ethereum failed to gain strength above $1,850 and corrected lower.<\/li>\n
The price is trading above $1,750 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a key bullish trend line with support near $1,810 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend its decline if it fails to stay above the $1,750 support.<\/li>\n<\/ul>\n
Ethereum attempted a fresh increase above the $1,820 level. ETH even cleared the $1,850 resistance, but the upsides were limited. The price traded as high as $1,866 and recently started a downside correction, like Bitcoin<\/a>.<\/p>\n