Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) briefly traded above the $1,800 level in today’s session, prior to colliding with a key resistance level.
ETH/USD rose to a peak of $1,853.89 late on Friday, which came following a prior low of $1,745.02.
This surge sent ETH to its strongest point since last August, pushing prices marginally above a ceiling of $1,850 in the process.
ETH bulls were unable to sustain this breakout, which has since given way to bears looking to short the market.
At the time of writing, ethereum is trading at $1,761.72, with the momentum of the moving averages still upwards facing.
This sentiment may soon shift, should the RSI break out of a floor at 56.00. The index is currently tracking at 56.62.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:-Ethereum (ETH) briefly traded above the $1,800 level in today’s session, prior to colliding with a key resistance level.
ETH/USD rose to a peak of $1,853.89 late on Friday, which came following a prior low of $1,745.02.
This surge sent ETH to its strongest point since last August, pushing prices marginally above a ceiling of $1,850 in the process.
ETH bulls were unable to sustain this breakout, which has since given way to bears looking to short the market.
At the time of writing, ethereum is trading at $1,761.72, with the momentum of the moving averages still upwards facing.
This sentiment may soon shift, should the RSI break out of a floor at 56.00. The index is currently tracking at 56.62.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
