{"id":631656,"date":"2024-07-26T03:28:30","date_gmt":"2024-07-26T03:28:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=631656"},"modified":"2024-07-26T03:12:29","modified_gmt":"2024-07-26T03:12:29","slug":"ethereum-targets-recovery-3350","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-targets-recovery-3350\/","title":{"rendered":"Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance?"},"content":{"rendered":"
Ethereum price extended losses and tested the $3,080 support zone. ETH is recovering and might aim for a test of the $3,350 resistance zone.<\/em><\/p>\n
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Ethereum tested $3,080 and started a recovery wave.<\/li>\n
The price is trading below $3,350 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a connecting bearish trend line with resistance at $3,220 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could continue to move up if it stays above the $3,180 support zone.<\/li>\n<\/ul>\n
Ethereum Price Recovers above $3,200<\/h2>\n
Ethereum price extended losses below the $3,250 support zone. ETH even declined below $3,150 and tested the $3,080 support zone. A low is formed at $3,087 and the price is now rising but lacks momentum like Bitcoin<\/a>.<\/p>\n