Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH), which rose above $1,600 on Wednesday, was also in the red in today’s session, falling towards a five-day low.
Following a high of $1,602.11 on hump day, ETH/USD dropped to a bottom of $1,509.42 earlier today.
As a result of the move, ETH fell to its lowest point since Saturday, when prices hit a floor of $1,449.
From the chart, ETH’s price strength has also hit a support level, with the RSI currently hovering close to a floor of 70.00.
Should momentum continue to trend downwards, the next signal will be that of the 10-day (red) moving average, which for now remains upward-facing.
Providing this occurs, ethereum sellers will likely be targeting a move near the $1,350 mark.
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), which rose above $1,600 on Wednesday, was also in the red in today’s session, falling towards a five-day low.
Following a high of $1,602.11 on hump day, ETH/USD dropped to a bottom of $1,509.42 earlier today.
As a result of the move, ETH fell to its lowest point since Saturday, when prices hit a floor of $1,449.
From the chart, ETH’s price strength has also hit a support level, with the RSI currently hovering close to a floor of 70.00.
Should momentum continue to trend downwards, the next signal will be that of the 10-day (red) moving average, which for now remains upward-facing.
Providing this occurs, ethereum sellers will likely be targeting a move near the $1,350 mark.
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
