{"id":538445,"date":"2023-06-19T04:12:08","date_gmt":"2023-06-19T04:12:08","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=538445"},"modified":"2024-06-11T12:25:52","modified_gmt":"2024-06-11T12:25:52","slug":"ethereum-price-bullish-above-1780","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ethereum\/ethereum-price-bullish-above-1780\/","title":{"rendered":"Ethereum Price Prints Bullish Technical Pattern, Why Close Above $1,780 Is Critical"},"content":{"rendered":"
Ethereum price is recovering above $1,700 against the US Dollar. ETH could continue to move up if it clears the $1,780 resistance zone.<\/em><\/p>\n
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Ethereum was able to climb above the $1,700 and $1,720 resistance levels.<\/li>\n
The price is trading above $1,700 and the 100-hourly Simple Moving Average.<\/li>\n
There was a break above a major bearish trend line with resistance near $1,720 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could rise further above the $1,750 and $1,780 resistance levels.<\/li>\n<\/ul>\n
Ethereum Price Attempts Recovery<\/h2>\n
Ethereum\u2019s price was able to form a support base above the $1,620 level. ETH started a decent recovery wave above the $1,680 and $1,700 resistance levels, similar to Bitcoin<\/a>.<\/p>\n