ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS
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CHART ANALYSIS:-Ethereum (ETH) fell for a third consecutive session on Tuesday, with the token moving below $1,100 in the process.
Following a high of $1,140.70, ETH/USD declined earlier today, moving to an intraday low of $1,081.14.
As a result of today’s drop in price, ETH sank toward a floor of $1,080, hitting its lowest point since November 4
Since hitting this point of support prices have somewhat rebounded, and as of writing the token is trading at $1,095.29.
Unlike BTC, it appears as ETH has found a floor on the RSI indicator, with the index hovering close to support at 33.00.
Should this floor hold firm, bulls will likely prepare to return to the market, leading to a shift in current sentiment.
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.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Ethereum (ETH) fell for a third consecutive session on Tuesday, with the token moving below $1,100 in the process.
Following a high of $1,140.70, ETH/USD declined earlier today, moving to an intraday low of $1,081.14.
As a result of today’s drop in price, ETH sank toward a floor of $1,080, hitting its lowest point since November 4
Since hitting this point of support prices have somewhat rebounded, and as of writing the token is trading at $1,095.29.
Unlike BTC, it appears as ETH has found a floor on the RSI indicator, with the index hovering close to support at 33.00.
Should this floor hold firm, bulls will likely prepare to return to the market, leading to a shift in current sentiment.
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
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