Hello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) was also in the red during Tuesday’s session, as a result of a failed breakout to start the week.
ETH/USD fell to a bottom of $1,252.47 earlier in the day, which comes as bulls were unable to sustain a surge above the $1,300 mark.
As of writing, ETH is currently trading at $1,264.00, which is nearly 3% lower than Monday’s peak of $1,302.24.
Like with bitcoin, today’s decline in ethereum comes as the RSI moved below its ceiling at the 52.00 level.
Currently, the index is at a reading of 50.18, with the world’s second-largest cryptocurrency trading at $1,263.60.
The 10-day (red) moving average continues to hover above its 25-day (blue) counterpart, which typically is a sign of pending bullish sentiment.
CHART ANALYSIS:-Ethereum
In addition to bitcoin , ethereum (ETH) was also in the green to start the week, as prices edged closer to $1,300.
ETH/USD rose to a high of $1,302.24 earlier in today’s session, less than 24 hours after falling to a low of $1,253.16.
As a result of this, the world’s second-largest cryptocurrency has now marginally broken out of a long-term resistance point of $1,300.
Similar to the trend on bitcoin’s chart, Ethereum's moving average (MA) of 10 days (red) continues its upwards ascent versus the 25-day MA.
The 14-day RSI has also climbed, with the index tracking at 52.87, which is above a ceiling of 52.00.
Once bulls are finally able to break this current wall, the next target for traders will likely be the $1,350 point.
CHART ANALYSIS:-Ethereum (ETH) was also in the red on Saturday, as the price of the world’s second-largest cryptocurrency fell below a key resistance point.
Following a high of $1,299.84 on Friday, ETH/USD fell to a low of $1,275.09 earlier in today’s session.
This drop sees ethereum move below its recent ceiling at the $1,285 level, despite a recent upwards crossover of the 10-day (red) and 25-day (blue) moving averages.
Looking at the chart, today’s drop came as the RSI fell below its long-term support point at 51.70. It is now tracking at 51.42, as of writing.
Traders still seem to be optimistic about a potential move above $1,300, however, the RSI will likely need to surge beyond the 52.00 mark.
Should this happen, and the momentum of the moving average climb higher, then we could see ETH move towards a ceiling of $1,370.
CHART ANALYSIS:- Ethereum (ETH) also moved higher on Tuesday, ahead of the U.S consumer confidence report.
The Conference Board consumer confidence survey is expected to come in at a reading of 100, which is marginally below October’s reading of 102.5.
ETH/USD was back above $1,200 on Tuesday, hitting a high of $1,216.52 earlier in today’s session.
As can be seen from the chart, the move, which ended two straight days of losses, pushed ethereum to its highest point since Saturday.
Overall, this move comes as the RSI raced above its point of resistance at 43.70, and it is currently tracking at 46.10 as of writing.
A ceiling of $1,230 now awaits ethereum bulls, and should they overcome this hurdle, a move toward $1,300 will be on the cards.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) was also in the red during Tuesday’s session, as a result of a failed breakout to start the week.
ETH/USD fell to a bottom of $1,252.47 earlier in the day, which comes as bulls were unable to sustain a surge above the $1,300 mark.
As of writing, ETH is currently trading at $1,264.00, which is nearly 3% lower than Monday’s peak of $1,302.24.
Like with bitcoin, today’s decline in ethereum comes as the RSI moved below its ceiling at the 52.00 level.
Currently, the index is at a reading of 50.18, with the world’s second-largest cryptocurrency trading at $1,263.60.
The 10-day (red) moving average continues to hover above its 25-day (blue) counterpart, which typically is a sign of pending bullish sentiment.
CHART ANALYSIS:-Ethereum
In addition to bitcoin , ethereum (ETH) was also in the green to start the week, as prices edged closer to $1,300.
ETH/USD rose to a high of $1,302.24 earlier in today’s session, less than 24 hours after falling to a low of $1,253.16.
As a result of this, the world’s second-largest cryptocurrency has now marginally broken out of a long-term resistance point of $1,300.
Similar to the trend on bitcoin’s chart, Ethereum's moving average (MA) of 10 days (red) continues its upwards ascent versus the 25-day MA.
The 14-day RSI has also climbed, with the index tracking at 52.87, which is above a ceiling of 52.00.
Once bulls are finally able to break this current wall, the next target for traders will likely be the $1,350 point.
CHART ANALYSIS:-Ethereum (ETH) was also in the red on Saturday, as the price of the world’s second-largest cryptocurrency fell below a key resistance point.
Following a high of $1,299.84 on Friday, ETH/USD fell to a low of $1,275.09 earlier in today’s session.
This drop sees ethereum move below its recent ceiling at the $1,285 level, despite a recent upwards crossover of the 10-day (red) and 25-day (blue) moving averages.
Looking at the chart, today’s drop came as the RSI fell below its long-term support point at 51.70. It is now tracking at 51.42, as of writing.
Traders still seem to be optimistic about a potential move above $1,300, however, the RSI will likely need to surge beyond the 52.00 mark.
Should this happen, and the momentum of the moving average climb higher, then we could see ETH move towards a ceiling of $1,370.
CHART ANALYSIS:- Ethereum (ETH) also moved higher on Tuesday, ahead of the U.S consumer confidence report.
The Conference Board consumer confidence survey is expected to come in at a reading of 100, which is marginally below October’s reading of 102.5.
ETH/USD was back above $1,200 on Tuesday, hitting a high of $1,216.52 earlier in today’s session.
As can be seen from the chart, the move, which ended two straight days of losses, pushed ethereum to its highest point since Saturday.
Overall, this move comes as the RSI raced above its point of resistance at 43.70, and it is currently tracking at 46.10 as of writing.
A ceiling of $1,230 now awaits ethereum bulls, and should they overcome this hurdle, a move toward $1,300 will be on the cards.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
