{"id":602374,"date":"2024-04-10T04:16:21","date_gmt":"2024-04-10T04:16:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=602374"},"modified":"2024-06-11T07:56:26","modified_gmt":"2024-06-11T07:56:26","slug":"ethereum-price-trims-gains-3500","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-trims-gains-3500\/","title":{"rendered":"Ethereum Price Trims Gains, Are Dips Still Attractive In Near Term?"},"content":{"rendered":"
Ethereum price failed to continue higher above the $3,725 resistance zone. ETH trimmed gains and now consolidates near the $3,475 support.<\/em><\/p>\n
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Ethereum failed to climb higher above the $3,725 resistance level.<\/li>\n
The price is trading near $3,500 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break below a key bullish trend line with support at $3,510 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if it stays above the $3,420 support zone.<\/li>\n<\/ul>\n
Ethereum Price Faces Rejection<\/h2>\n
Ethereum price started a decent increase above the $3,550 resistance. ETH even cleared the $3,650 resistance zone, but the bears were active near $3,725. A high was formed at $3,726 and the price started a fresh decline, like Bitcoin<\/a>.<\/p>\n