Hello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:- Ethereum (ETH) was also in the green in today’s session, with prices moving closer to the $1,600 mark.
Following a low of $1,526.73 on Thursday, ETH/USD surged to an intraday high of $1,585.98 earlier in the day.
The move led to the token colliding with the key resistance point, however failing to fully break out of this barrier.
Since this earlier collision, ETH has somewhat slipped, and as of writing is currently trading at $1,577.26.
Like with bitcoin earlier, previous bulls have seemingly taken profits, just as the RSI neared a resistance point of its own.
The index is currently hovering around a ceiling of 63.00, which likely prompted traders to liquidate positions, in order to avoid market uncertainty.
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.
Show some support, hit the like button, and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS:- Ethereum (ETH) was also in the green in today’s session, with prices moving closer to the $1,600 mark.
Following a low of $1,526.73 on Thursday, ETH/USD surged to an intraday high of $1,585.98 earlier in the day.
The move led to the token colliding with the key resistance point, however failing to fully break out of this barrier.
Since this earlier collision, ETH has somewhat slipped, and as of writing is currently trading at $1,577.26.
Like with bitcoin earlier, previous bulls have seemingly taken profits, just as the RSI neared a resistance point of its own.
The index is currently hovering around a ceiling of 63.00, which likely prompted traders to liquidate positions, in order to avoid market uncertainty.
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.
