{"id":17945,"date":"2022-05-26T08:52:35","date_gmt":"2022-05-26T08:52:35","guid":{"rendered":"http:\/\/egrowonline.com\/?p=17945"},"modified":"2022-05-26T08:52:35","modified_gmt":"2022-05-26T08:52:35","slug":"ethereum-breaks-below-1900-as-selling-pressure-accelerates","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=17945","title":{"rendered":"Ethereum breaks below $1,900 as selling pressure accelerates"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/ethereum\" rel=\"noopener\">Ethereum<\/a> dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic\u00a0outlook derives from the formation of a bear pennant pattern on the four-hour <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" rel=\"noopener\">chart<\/a>.\u00a0<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHUSD_2022-05-26_10-44-15-637891515198025362.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"Ethereum price chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHUSD_2022-05-26_10-44-15-637891515198025362.png\" style=\"width: 687px;height: 371px\" \/><\/a><\/p>\n<p><small>ETH 4-hour chart<\/small><\/p>\n<p>Ethereum would have to claim $2,100\u00a0as support for a chance of invalidating the bearish thesis, which appears like a challenging tasks due to the low trading volumes in the cryptocurrency market.\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/breaking-ethereum-breaks-below-1-900-as-selling-pressure-accelerates-202205260826\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic\u00a0outlook derives from the formation of a bear pennant pattern on the four-hour chart.\u00a0 ETH 4-hour chart Ethereum would have to claim [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[6461,2236,158,961,2185],"class_list":["post-17945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-accelerates","tag-breaks","tag-ethereum","tag-pressure","tag-selling"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/breaking-news_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17945"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17945\/revisions"}],"predecessor-version":[{"id":17946,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17945\/revisions\/17946"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/17937"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17945"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}