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) was marginally higher at the end of the week, as prices moved closer to a key resistance level earlier today.
ETH/USD raced to an intraday peak of $1,224.21 in Friday’s session, less than 24 hours after hovering at $1,187.13.
Today’s move sees ETH bulls once again try to break out of the long-term resistance level of $1,230.
Looking at the chart, the 14-day RSI is now rallying above a resistance point at 47.00, and tracking at 47.92, with the next visible ceiling at 52.00
In order for bulls to continue to push ethereum higher, price strength will likely need to surge toward this upcoming resistance of 52.00.
This is not a piece of financial advice.
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