{"id":567320,"date":"2023-12-29T03:58:43","date_gmt":"2023-12-29T03:58:43","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=567320"},"modified":"2024-06-11T07:00:37","modified_gmt":"2024-06-11T07:00:37","slug":"ethereum-price-retreats-2440","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ethereum\/ethereum-price-retreats-2440\/","title":{"rendered":"Ethereum Price Retreats From Highs But Technicals Suggest Upside Continuation"},"content":{"rendered":"
Ethereum price is correcting gains from the $2,440 zone. ETH is correcting gains, but the bulls might remain active near the $2,300 and $2,240 support levels.<\/em><\/p>\n
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Ethereum is correcting gains and trading below the $2,400 level.<\/li>\n
The price is trading above $2,320 and the 100-hourly Simple Moving Average.<\/li>\n
There is a bullish flag forming with resistance near $2,360 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair could start a fresh increase if there is a close above the $2,400 level.<\/li>\n<\/ul>\n
Ethereum Price Remains Supported<\/h2>\n
Ethereum price climbed higher above the $2,320 resistance zone. ETH even broke the $2,400 level before the bears appeared. A high was formed near $2,441 before the price started a downside correction, like Bitcoin<\/a>.<\/p>\n