{"id":651445,"date":"2024-11-04T03:58:46","date_gmt":"2024-11-04T03:58:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651445"},"modified":"2024-11-04T03:43:42","modified_gmt":"2024-11-04T03:43:42","slug":"ethereum-price-turns-red-2420","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-turns-red-2420\/","title":{"rendered":"Ethereum Price Turns Red: Is This a Temporary Dip?"},"content":{"rendered":"
Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone.<\/em><\/p>\n
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Ethereum started a fresh decline from the $2,650 resistance zone.<\/li>\n
The price is trading below $2,500 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a recovery wave if it surpasses the $2,500 and $2,550 resistance levels.<\/li>\n<\/ul>\n