Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also retreated from recent gains, with prices giving up a five-month high.
ETH/USD surged to a peak of $1,704.46 on Thursday, which was its highest point since September 13.
However, with the NFP fast approaching, market momentum has marginally moved, with ETH falling to a low of $1,634.22 earlier in the day.
Looking at the charts, selling has also taken place with the RSI below the 63.00 mark, which appears to be an interim point of resistance.
At the time of writing this, the index is tracking at 62.92, with the Doji candlestick being the current print on today's chart.
It usually indicates indecision and uncertainty, with neither the bears nor the bulls able to capture the market sentiment.
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 retreated from recent gains, with prices giving up a five-month high.
ETH/USD surged to a peak of $1,704.46 on Thursday, which was its highest point since September 13.
However, with the NFP fast approaching, market momentum has marginally moved, with ETH falling to a low of $1,634.22 earlier in the day.
Looking at the charts, selling has also taken place with the RSI below the 63.00 mark, which appears to be an interim point of resistance.
At the time of writing this, the index is tracking at 62.92, with the Doji candlestick being the current print on today's chart.
It usually indicates indecision and uncertainty, with neither the bears nor the bulls able to capture the market sentiment.
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
