ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) was marginally higher on Saturday, as the price rebounded from a recent move below 1,600.
Following a high of 1,695.45 on Friday, ETH/USD fell to a bottom of 1,644.93 to start the weekend.
On Thursday, ethereum dropped to a low of 1,540, which was its weakest point since March 12, when the price was trading below the 1,459 level.
The 10-day (red) moving average is now firmly on a downward trend, after appearing as though it was nearing an upwards cross earlier in the week.
ethereum seems to have found a firm floor around the 1,660 level.
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Ethb
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ETH/USDT UPDATE:-ETH was supported by the ascending line (in green) again, and increased investor confidence prevented the price from closing below it. The chart currently shows no notable signs of bullish momentum as the sideways trend continues for a second week.
The first obstacle is to break $1,500. (in red). This resistance results from the descending line (in yellow) and the 100-day moving average line (in white) colliding. If the ETH can clear this hurdle, the path to $2000 will be clearer.
As long as Ethereum trades below $1,500, a retest of the green support is not ruled out. Closing below this level may take the asset to the next support level at $1,000.
Sorry for my English it is not my native language.
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Ethereum (Analysis)On a 4-hour timeframe, the negative trend line is broken, and ETH has a pullback. This point is suitable for short-term entry. The first target is $ 4,150, and the next target is in the $ 4,500 range. For the next targets, Ethereum must break the $ 4,150 resistance. Be sure to use stop-loss in your trades.