Hello, welcome to this ETH/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-the 4-hour timeframe, the price has been forming higher highs and higher lows which is a typical bullish sign. However, the cryptocurrency has simultaneously entered a short-term consolidation and reached the 1.6K resistance level.
Ethereum seems to have gained sufficient momentum to surpass the 1.6K resistance zone. Still, the existing bearish divergence between the price and the RSI indicator might halt the current uptrend for the short term and result in a correction phase with low volatility.
This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section.