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) mostly consolidated on Tuesday, with prices continuing to trade above the $1,200 point.
Following a low of $1,212.49 to start the year, ETH/USD hit a peak of $1,219.86 earlier in today’s session.
As a result of today’s move, ethereum moved closer to a resistance level of $1,230, which has been in place since December 16.
Looking at the chart, ethereum was unable to recapture this ceiling, as the RSI of 14 days failed to break out of resistance at 49.00.
As of writing, the index is tracking at 48.90, with bulls remaining close to this point ahead of tomorrow’s FOMC report, which could be the trigger to a potential price surge.
After tomorrow’s report, attention will turn to Friday’s U.S. nonfarm payrolls (NFP), which could also be a catalyst for market moves.
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) mostly consolidated on Tuesday, with prices continuing to trade above the $1,200 point.
Following a low of $1,212.49 to start the year, ETH/USD hit a peak of $1,219.86 earlier in today’s session.
As a result of today’s move, ethereum moved closer to a resistance level of $1,230, which has been in place since December 16.
Looking at the chart, ethereum was unable to recapture this ceiling, as the RSI of 14 days failed to break out of resistance at 49.00.
As of writing, the index is tracking at 48.90, with bulls remaining close to this point ahead of tomorrow’s FOMC report, which could be the trigger to a potential price surge.
After tomorrow’s report, attention will turn to Friday’s U.S. nonfarm payrolls (NFP), which could also be a catalyst for market moves.
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
