{"id":640858,"date":"2024-09-10T03:28:25","date_gmt":"2024-09-10T03:28:25","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=640858"},"modified":"2024-09-10T03:07:28","modified_gmt":"2024-09-10T03:07:28","slug":"ethereum-price-recovers-2320","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/analysis\/eth\/ethereum-price-recovers-2320\/","title":{"rendered":"Ethereum Price Recovers Higher But Lacks Bullish Drive To Test $2,500"},"content":{"rendered":"
Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone.<\/em><\/p>\n
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Ethereum is attempting a recovery wave above the $2,250 zone.<\/li>\n
The price is trading above $2,320 and the 100-hourly Simple Moving Average.<\/li>\n
There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH\/USD (data feed via Kraken).<\/li>\n
The pair must clear the $2,400 resistance to continue higher in the near term.<\/li>\n<\/ul>\n
Ethereum Price Recovers Above $2,320<\/h2>\n
Ethereum price started a recovery wave above the $2,250 level. ETH was able to clear the $2,280 resistance zone to move into a positive zone, but momentum was weak compared to Bitcoin<\/a>.<\/p>\n