{"id":638455,"date":"2024-08-29T03:48:28","date_gmt":"2024-08-29T03:48:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=638455"},"modified":"2024-08-29T03:22:54","modified_gmt":"2024-08-29T03:22:54","slug":"ethereum-price-recovery-2555","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-recovery-2555\/","title":{"rendered":"Ethereum Price Hints at Recovery: Is a Comeback in Sight?"},"content":{"rendered":"
Ethereum price tested the $2,400 zone and recovered some losses. ETH must clear the $2,550 resistance zone to start a decent increase in the near term.<\/em><\/p>\n
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Ethereum started a consolidation phase after a sharp decline to $2,400.<\/li>\n
The price is trading below $2,550 and the 100-hourly Simple Moving Average.<\/li>\n
There is a key bearish trend line forming with resistance at $2,555 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a recovery wave if it clears the $2,555 and $2,600 resistance levels.<\/li>\n<\/ul>\n