Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also made significant gains in the last 24 hours, as traders pushed prices close to the $1,700 mark.
Following a low of $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 earlier in today’s session.
This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761.
Looking at the chart, today’s five-month high came as ETH broke out of its long-term price ceiling at $1,670.
Although one point of resistance has been broken, ethereum bulls are fast approaching another, with the relative strength index (RSI) nearing a ceiling at 68.00.
Currently, the index is tracking at 65.19, with earlier bulls likely to consider taking profits before a full collision occurs.
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) also made significant gains in the last 24 hours, as traders pushed prices close to the $1,700 mark.
Following a low of $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 earlier in today’s session.
This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761.
Looking at the chart, today’s five-month high came as ETH broke out of its long-term price ceiling at $1,670.
Although one point of resistance has been broken, ethereum bulls are fast approaching another, with the relative strength index (RSI) nearing a ceiling at 68.00.
Currently, the index is tracking at 65.19, with earlier bulls likely to consider taking profits before a full collision occurs.
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
