Hello, welcome to this ETH/USDT 4Hr chart update by CRYPTO SANDERS.
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:-
The price just broke above the 50-day moving average resistance line after multiple rejections during the last couple of weeks. this is the first time it succeeds since September, and if the price holds another day above it – it will become the longest period since April.
In the event of a bullish daily close above said moving average, the breakout would then be considered valid. The next targets for ETH are the $1670 resistance level and the 200-day moving average located nearby.
From a traditional technical analysis perspective, a bullish breakout above the 200-day moving average would theoretically mark the beginning of the new bear market.
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:-
The price just broke above the 50-day moving average resistance line after multiple rejections during the last couple of weeks. this is the first time it succeeds since September, and if the price holds another day above it – it will become the longest period since April.
In the event of a bullish daily close above said moving average, the breakout would then be considered valid. The next targets for ETH are the $1670 resistance level and the 200-day moving average located nearby.
From a traditional technical analysis perspective, a bullish breakout above the 200-day moving average would theoretically mark the beginning of the new bear market.
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.
