ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) Friday's session was also much lower, with market volatility also high due to the non-farm payrolls report this afternoon.
It is expected that 205,000 jobs were added to the US economy last month, down from January's total of 517,000.
The decline could act as an overall positive, as the Federal Reserve could raise rates less aggressively depending on the outcome.
ETH/USD fell to a low of $1,378.53 earlier in the session, which comes a day after trading at a peak of $1,543.69.
Overall, ETH is now down about 10% over the past week, with today's drop taking the price to its weakest point since mid-January.
As a result of this selloff, the RSI is now tracking at 28.30, which is its weakest point since last June.
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) Friday's session was also much lower, with market volatility also high due to the non-farm payrolls report this afternoon.
It is expected that 205,000 jobs were added to the US economy last month, down from January's total of 517,000.
The decline could act as an overall positive, as the Federal Reserve could raise rates less aggressively depending on the outcome.
ETH/USD fell to a low of $1,378.53 earlier in the session, which comes a day after trading at a peak of $1,543.69.
Overall, ETH is now down about 10% over the past week, with today's drop taking the price to its weakest point since mid-January.
As a result of this selloff, the RSI is now tracking at 28.30, which is its weakest point since last June.
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.