ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!
Updated
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) also rallied to a multiple-week high on Monday, with prices climbing above a recent ceiling at $1,300.
ETH/USD raced to an intraday high of $1,324.01 earlier in today’s session, which comes less than 24 hours after trading at a low of $1,261.95.
Similar to bitcoin, today’s rally pushed ethereum to its highest point since mid-December, when the coin was above $1,350.
As can be seen from the chart, an upwards crossover of moving averages has also occurred here, with the RSI gaining momentum as well.
Currently, the index is tracking at 66.81, which is its strongest point since October 29, when ETH was trading upwards of $1,500.
Should bullish sentiment remain throughout the week, ethereum will likely climb past the $1,400 level.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
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I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) also rallied to a multiple-week high on Monday, with prices climbing above a recent ceiling at $1,300.
ETH/USD raced to an intraday high of $1,324.01 earlier in today’s session, which comes less than 24 hours after trading at a low of $1,261.95.
Similar to bitcoin, today’s rally pushed ethereum to its highest point since mid-December, when the coin was above $1,350.
As can be seen from the chart, an upwards crossover of moving averages has also occurred here, with the RSI gaining momentum as well.
Currently, the index is tracking at 66.81, which is its strongest point since October 29, when ETH was trading upwards of $1,500.
Should bullish sentiment remain throughout the week, ethereum will likely climb past the $1,400 level.
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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CHART ANALYSIS:-Ethereum (ETH) also moved into a consolidation on Tuesday, as prices failed to break out of a key resistance point of $1,350 on Monday.
Earlier in today’s session, ETH/USD moved to a peak of $1,342.14, before then dropping to a bottom at $1,317.24.
Like with bitcoin, today’s consolidation in ethereum comes as traders opted to take profits after the coin rallied to a multi-week high yesterday.
As can be seen from the chart, yesterday’s gain pushed ETH into overbought territory, leading to a slowing down of upward momentum.
Currently, the RSI is tracking at 68.08, which is its strongest point since late October, and close to a ceiling of 70.00
In order for bullish momentum to extend recent gains, this ceiling will first need to be overcome.
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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