{"id":624344,"date":"2024-06-13T03:58:12","date_gmt":"2024-06-13T03:58:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=624344"},"modified":"2024-06-13T03:41:10","modified_gmt":"2024-06-13T03:41:10","slug":"ethereum-price-slope-3550","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-slope-3550\/","title":{"rendered":"Ethereum Price Slippery Slope: More Downside Risks in Sight"},"content":{"rendered":"
Ethereum price failed to clear the $3,650 resistance. ETH declined again after the Fed decision and now shows bearish signs below the $3,550 level.<\/em><\/p>\n
\n
Ethereum started a fresh decline below the $3,580 support zone.<\/li>\n
The price is trading below $3,550 and the 100-hourly Simple Moving Average.<\/li>\n
There is a major bearish trend line forming with resistance near $3,610 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could extend losses if it stays below the $3,600 resistance zone.<\/li>\n<\/ul>\n
Ethereum Price Dips Again<\/h2>\n
Ethereum price attempted a recovery wave above the $3,550 and $3,580 resistance levels. However, ETH failed to settle above the $3,650 level and started another decline. There was a steady decline below the $3,580 level, like Bitcoin<\/a>.<\/p>\n