{"id":651615,"date":"2024-11-05T03:28:38","date_gmt":"2024-11-05T03:28:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651615"},"modified":"2024-11-05T03:03:28","modified_gmt":"2024-11-05T03:03:28","slug":"ethereum-price-grinds-lower-2350","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-grinds-lower-2350\/","title":{"rendered":"Ethereum Price Grinds Lower: Will Support Kick In Soon?"},"content":{"rendered":"
Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance.<\/em><\/p>\n
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Ethereum started a fresh decline from the $2,550 resistance zone.<\/li>\n
The price is trading below $2,480 and the 100-hourly Simple Moving Average.<\/li>\n
There is a new connecting bearish trend line forming with resistance at $2,445 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a recovery wave if it surpasses the $2,445 and $2,500 resistance levels.<\/li>\n<\/ul>\n