Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) made slight gains on hump day, as it continued to hover around the 1,580 mark.
Following a low of 1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of 1,584.73 during the day.
Earlier gains have since eased, with ethereum now trading at 1,577.40, with short-term bulls still targeting the 1,600 zone.
This may be difficult to achieve as momentum appears bearish, with the 10-day (red) moving average continuing to trend downwards.
Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- ethereum (ETH) made slight gains on hump day, as it continued to hover around the 1,580 mark.
Following a low of 1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of 1,584.73 during the day.
Earlier gains have since eased, with ethereum now trading at 1,577.40, with short-term bulls still targeting the 1,600 zone.
This may be difficult to achieve as momentum appears bearish, with the 10-day (red) moving average continuing to trend downwards.
Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
