hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) tracked close to a support point of 1,630 for a fourth straight session, as traders continued to fight to secure market momentum.
Following a low of 1,611.15 on Wednesday, ETH/USD spiked to a peak of 1,656.93 earlier in the day.
Price has since slipped, with the world’s second-largest cryptocurrency now trading around the 1,626.20 level.
The decline came as the 14-day relative strength index (RSI) hovered near a floor of its own at 36.00.
the index is now tracking at 36.30, with a move lower likely to trigger an increase in bearish pressure.
A move below 1,600 remains a real possibility for the coming days.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Ethereum (ETH) tracked close to a support point of 1,630 for a fourth straight session, as traders continued to fight to secure market momentum.
Following a low of 1,611.15 on Wednesday, ETH/USD spiked to a peak of 1,656.93 earlier in the day.
Price has since slipped, with the world’s second-largest cryptocurrency now trading around the 1,626.20 level.
The decline came as the 14-day relative strength index (RSI) hovered near a floor of its own at 36.00.
the index is now tracking at 36.30, with a move lower likely to trigger an increase in bearish pressure.
A move below 1,600 remains a real possibility for the coming days.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
