Ethereum Price Faces Hurdles, Why ETH Is Vulnerable Below $1,250

Jan 2, 2023 08:00 am Cryptocurrency 157
Ethereum Price Faces Hurdles, Why ETH Is Vulnerable Below $1,250

Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance.


  • Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels.

  • The price is now trading below $1,200 and the 100 hourly simple moving average.

  • There is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken).

  • The pair remains at a risk of a fresh decline if it stays below the $1,120 level or even $1,250.

    • Ethereum Price Still In Range


    Ethereum price attempted an upside break above the $1,210 zone. ETH faced resistance below $1,220 and remained in a bearish zone, similar to bitcoin.


    A high was formed near $1,205 and there was a bearish reaction. The price traded as low as $1,192 and remained in a range. The price is now moving higher above $1,195. The ..

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