{"id":513491,"date":"2022-12-22T23:40:58","date_gmt":"2022-12-23T04:40:58","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=513491"},"modified":"2024-06-11T14:35:05","modified_gmt":"2024-06-11T14:35:05","slug":"ethereum-price-key-trend-1250","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/ethereum\/ethereum-price-key-trend-1250\/","title":{"rendered":"Ethereum Price Key Trend is Forming and Swift Recovery Could Occur"},"content":{"rendered":"
Ethereum is attempting an upside break above the $1,230 resistance against the US Dollar. ETH could start a strong increase if it settles above the $1,230 and $1,250 resistance levels.<\/em><\/p>\n
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Ethereum tested the $1,180 level and climbed higher sharply.<\/li>\n
The price is now trading above $1,200 and the 100 hourly simple moving average.<\/li>\n
There was a break above a key contracting triangle with resistance near $1,215 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could gain bullish momentum if there is a clear move above $1,230 and $1,250.<\/li>\n<\/ul>\n
Ethereum Price Eyes Fresh Rally<\/h2>\n
Ethereum price started a downside correction from the $1,230 resistance zone. ETH spiked below the $1,200 support zone and the 100 hourly simple moving average.<\/p>\n