BTC/USDT 3DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) Ethereum is determined to not give up and has found good support at 1,800. Despite this show of force from buyers, ETH still lost 1.8% of its valuation this past week.
The current target and key resistance are at 2,000, which is a psychological level where the price was rejected in the past. Therefore, if buyers are successful in pushing this cryptocurrency higher, then they will likely face stiff resistance at that level
Looking ahead, Ethereum has managed to maintain its uptrend by making a higher high and a higher low. Market participants should only get concerned if the key support at 1,800 is lost. Unless that happens, ETH has a good chance to test the key resistance at 2,000.
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Ethanalysis
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was in the green as prices snapped a three-day losing streak.
After a low of 1,805.32 on Tuesday, ETH/USD rose to a peak of 1,919.72 at the start of the day.
As a result of this move, Ethereum has reached a five-day high, with the price now hovering around the 1,915 resistance.
The last time ETH bulls broke this ceiling was on April 13, and on this occasion, the price soared to an 11-month high above 2,100.
For something similar to happen in this round, the RSI would need to clear a barrier at the 53.00 level.
At the time of writing, the index is tracking at 51.64.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also started the week in the red, with prices hovering close to a key point of support.
Following a high of 1,888.19 on Sunday, ETH/USD slipped to an intraday low of 1,831.16 earlier in today’s session.
As a result of this move, ethereum fell close to its long-term price floor at 1,830, however, bulls have so far rejected a breakout.
One of the reasons that a break has yet to occur seems to be due to the RSI, which continues to trend above support at 44.00
Price strength is now tracking at 45.58, with a ceiling at 52.00 a potential target for bulls hopeful of recapturing the 1,900 mark.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to trend lower on Saturday, as the world’s second-largest cryptocurrency dropped below 1,900.
Following a high of 1,926.30 on Friday, ETH/USD fell to an intraday low at 1,827.79 earlier in the day.
As a result of this move, ethereum started the weekend by declining to its weakest level since April 9.
Today’s price slippage also resulted in ETH briefly breaking out of an interim support point at 1,830.
Bulls swiftly reentered the market seemingly buying the dip, and this has resulted in ethereum now trading at 1,848.66.
Although there is likely to be further declines in the coming days, once this current red wave passes, there may be a significant reversal.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower, with price nearing a breakout below the 1,900 mark.
Two days after hitting a peak at 2,105, ETH/USD dropped to a low of 1,904.42 earlier in today’s session.
This decline has resulted in the world’s second-largest cryptocurrency now trading at its lowest level in eight days.
Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above 2,000 for the first time since last May.
The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46.
Should momentum continue to fall, bears will likely be targeting a point of support at 44.50.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) slipped to a one-week low in today’s session, as traders attempted to find a point of support.
Following a high of 2,005.44 on Wednesday, ETH/USD dropped to a bottom at 1,928.58 earlier in the day.
As a result of this drop, ethereum fell to its weakest point since April 13, a day which saw ETH hover marginally above 1,900.
At the time of writing, ETH has rebounded, which appears to be due to its RSI bouncing from a floor at 52.00.
Ethereum is currently trading at 1,945.58, with the index at the 54.54 level, below an upcoming ceiling of 58.00.
If bulls were to take price strength to, or above, 58.00, there is a good chance that ETH will be back over the 2,000 level.
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Eth buying setup its might be a risky one i am not that much shore the price will come to our entry point but i am worried due Eth upgrade. the investors are getting there EThs it might create some fear in those investors heart when the see Eth price down by 3 percent so may be in FOMO they start selling and we may see a massive dump and we will hit our stop loss. that's why stop loss should be used at such kind of trades
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to climb higher as the price climbed above 2100 following its recent Shepela update.
After a low of 1,987.05 on Thursday, ETH/USD rose to a high of 2,126.32 in today's session.
As a result of today's increase in price, the world's second-largest cryptocurrency has reached its highest level since last May.
The latest rally came when the bulls broke the key resistance level of 2,030, with the RSI crossing its own hurdle at the 72.00 mark.
Like BTC, ETH's RSI is also overbought, with the index reading 75.29 at the time of writing.
A higher range at 80.00 now awaits the current uptrend in the market.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Buoyed by the Shanghai update, Ethereum outperformed BTC in today's session, gaining nearly 7% in the process.
ETH traded at 1,882.37 in today's session, up from a peak of 2,007.05 a day earlier.
As a result of today's increase in value, the world's second-largest cryptocurrency reached its highest level since last August.
The 75.00 resistance level appears to be the next hurdle for the bulls, and should the momentum continue in the uptrend, ETH could move above 2100 this week.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum fell below the 1900 level during today's session, losing almost 3% in the process.
After hitting a high of $1923.81 on Tuesday, ETH/USD fell to a low of $1860.04 earlier in the day.
Today's move came as ETH declined below the key 1915 resistance level, with the 1830 bottom a potential target for sellers.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also lower today, as prices slipped from an eight-month high the day prior.
Following a high of $1,924.47 on Wednesday, ETH/USD dropped to an intraday low of $1,859.00 earlier in the day.
As a result of this decline, ethereum has fallen from its strongest point since Aug. 17, when the price peaked at $1,957.
today’s drop resulted from the RSI hovering below a recent support point of 61.00.
Overall, it appears that earlier bulls have moved to take profits, ahead of the upcoming uncertainty in the market.
At the time of writing, ethereum is trading at $1,871.63.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the green, with prices climbing to a fresh eight-month high.
ETH/USD moved to a high of $1,921.27 earlier in the day, which comes a day after trading at a low of $1,855.37.
As a result of this rally, ethereum went back to its strongest point since August 17, when the price hit a peak of $1,957.
This latest surge has pushed price strength to a current reading of 65.87, which is marginally below a ceiling of 66.00.
Due to this, some earlier bulls have moved to take profits, which has led to ETH falling from the day’s high.
At the time of writing, ethereum is trading at $1,915.88.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was mostly higher in today’s session, as bullish sentiment made an unexpected return.
Following a low of $1,771.15 to start the week, ETH/USD climbed to an intraday high of $1,871.35 on Tuesday.
Tuesday’s rally saw bulls push ethereum back to its strongest point since August 17, when the price hit a peak of $1,957.
One of the catalysts for today’s surge appears to be a breakout at the 61.50 zone on the RSI indicator.
Currently, price strength is tracking at 62.54, with an upcoming ceiling of 65.00 a possible destination for bulls.
Should this point be hit, there is a good chance ETH will be trading at $1,900.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also higher to start the weekend, with prices once again climbing above the $1,800 level.
Following a low of $1,789.76 on Friday, ETH/USD raced to a peak at $1,844.68 earlier in today’s session.
As a result of the move, the world’s second-largest cryptocurrency jumped over a ceiling at the $1,825 zone.
From the chart, this seemingly coincided with the RSI breaking free of a resistance of its own at 59.00.
At the time of writing, price strength is now at the 60.15 mark, with the next visible ceiling around the 62.00 regions.
Should the RSI move closer to this point, ethereum bulls will send prices toward a long-term target of $1,900.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was once again trading below $1,800, as prices failed to break out from a recent key resistance point.
Following a high of $1,827.28 on Thursday, ETH/USD fell to an intraday low of $1,766.25 in today’s session.
Friday’s sell-off transpired as ETH bulls were unable to move beyond a long-term ceiling at $1,830.
The world’s second-largest cryptocurrency is now trading at $1,795.69, which seemingly suggests that some bullish sentiment still remains in the market.
This seems to be a result of price strength failing to drop below a floor at 52.00, and it has since moved to a reading at 57.35.
Should the RSI surge past the 58.00 mark, which is the next visible point of resistance, then ETH will likely be back above $1,800.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to trade above $1,800 on Thursday, however sentiment shifted after it failed to sustain a breakout at a key point.
ETH/USD rose to a high of $1,827.28 on Thursday, which comes less than 24 hours after the price was at a low of $1,776.64.
Although marginally moving above its aforementioned ceiling at $1,825, ethereum bulls were unable to maintain upward momentum.
As of writing, ETH is trading at $1,800.78, which coincides with the RSI hovering around its recent resistance level at 58.00.
The index is currently tracking at 58.25, with a move below the 58.00 level almost certainly triggering further declines.
Momentum also appears to be slowing, with the 10-day (red) moving average nearing a downward crossover.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also back in the green in today’s session, with prices rising back above the $1,800 level.
ETH/USD rose to a high of $1,825.60 on Wednesday, which comes less than 24 hours after the price was below $1,700.
As a result of today’s rally, ethereum was able to briefly rise above a recent resistance point at the $1,820 level.
Price has since retreated from this point, which comes after the RSI collided with a ceiling at the 58.00 mark.
Although price strength is now tracking at 58.52, overall market momentum seems to be preparing for consolidation.
The 10-day (red) moving average (MA) is now trending sideways, and should the RSI fall back below 58.00, the chances of a downward cross with the 25-day (blue) MA will greatly increase.
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Ethereum: Reaching Out… 🙌Ethereum is reaching out to complete wave 1 in green and still has got some room to rise. As soon as the respective high is established, though, the cryptocurrency should turn downwards and head for the green zone between $1607 and $1424, where wave 2 in green should end. With this low secured, Ethereum should then resume the ascent by developing wave 3 in green. However, a 30% chance remains for Ethereum to scoot below the support at $1370, which marks the last significant low of wave ii in orange. In that case, we would reckon with a new low in the form of wave alt.ii in orange in the orange zone between $1330 and $1150 before ETH can continue the upwards movement.
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) largely consolidated on Monday, as prices moved away from a key price floor in today’s session.
ETH/USD jumped to a peak of $1,797.88 earlier in the day, which comes less than 24 hours after falling to a low of $1,748.44.
Since hitting a seven-month high of $1,861 last Thursday, the world’s second-largest cryptocurrency has mostly traded below $1,800.
Overall, ethereum is down 1.19% from the same point last week, with prices mostly moving between a floor of $1,730, and a ceiling of $1,820.
The 10-day (red) moving average has now begun to shift direction, with upwards momentum now fading.
Prices may continue to trend sideways heading into April unless some unexpected news moves markets.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower to start the weekend, as prices continued to fall from a recent seven-month high.
ETH/USD dropped to a bottom at $1,730.35 in today’s session, which comes a day after hitting a high of $1,791.14.
The move pushed ethereum to its long-term floor at $1,730, with buys opting to buy the dip at that point.
This recent drop in price has pushed Ethereum’s RSI to its lowest point in two-week, with a current reading of 55.39.
Momentum still remains marginally bullish, as seen by the 10-day (red) moving average, however, should prices move below $1,730, that could change.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) briefly traded above the $1,800 level in today’s session, prior to colliding with a key resistance level.
ETH/USD rose to a peak of $1,853.89 late on Friday, which came following a prior low of $1,745.02.
This surge sent ETH to its strongest point since last August, pushing prices marginally above a ceiling of $1,850 in the process.
ETH bulls were unable to sustain this breakout, which has since given way to bears looking to short the market.
At the time of writing, ethereum is trading at $1,761.72, with the momentum of the moving averages still upwards facing.
This sentiment may soon shift, should the RSI break out of a floor at 56.00. The index is currently tracking at 56.62.
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