ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) rebounded from Friday’s drop, making a run back towards the 1,800 level to start the weekend.
ETH/USD peaked at 1,796.57 on Saturday, after the price fell to a low of 1,751.44 less than 24 hours ago.
This climb means the world’s second-largest cryptocurrency has traded higher for nine of the last ten sessions.
this latest rally comes as the 10-day (red) moving average continues its uptrend versus its 25-day (blue) counterpart.
the RSI found a floor at 68.00, using it as a springboard to a current reading of 69.94.
Bulls will likely make further runs towards 1,800, despite overall price strength being overbought.
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Ethshort
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) also edged lower in today’s session, falling below the 1,800 mark in the process.
After reaching a high of 1,857.81 on Thursday, ETH/USD dropped to a bottom at 1,764.01 earlier in the day.
This decline has seen ETH snap a seven-day bull run, pushing the cryptocurrency away from a multi-month high in the process.
The drop coincided with the RSI failing to breach a resistance level of 74.00, and it is now tracking at a reading of 71.13.
Traders who are holding onto their long positions may begin to reconsider this, should the index fall below the 70.00 mark.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) was mostly higher, leading prices back above the 1,800 level.
ETH/USD peaked at 1,865.10 earlier in today’s session, following a low at 1,781.49 on Wednesday.
ethereum rose to its highest level since August when the price hovered below 1,880.
The cryptocurrency has now traded in the green for seven straight sessions, adding nearly 20% to its value during this period.
the 10-day (red) moving average continued to race ahead of its 25-day (blue) counterpart, which is a sign that momentum remains bullish.
the RSI is at 74.90, which could cause current buyers to soon begin to capture gains.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) retreated below the 1,800 level on Wednesday, snapping a six-day winning streak.
Following a high of 1,852.68 during yesterday’s session, ETH/USD fell to a low of 1,758.69 earlier in the day.
ETH has since rebounded, marginally, and is now trading at $1,784.57, which is over 3% lower than Tuesday’s peak.
sentiment remains largely positive, with the 10-day (red) moving average extending its upward trend versus its 25-day (blue) counterpart.
Although the RSI in ethereum is also overbought, and tracking above 70.00, bulls could attempt to push the price above $1,900 in this upcycle.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) reached 1,800 for the first time in several months, after being the beneficiary of general sentiment around crypto.
ETH/USD rallied to an intraday high of 1,845.99 earlier today, a day after trading at a bottom of 1,664.58.
ethereum reached its highest point since August 13, when the price was marginally below 1,860.
The move saw ethereum climb for a fifth straight session, as the RSI broke out of a resistance at 60.00.
ETH is now severely overbought, with the index now tracking at 76.79.
Bulls broke a ceiling of 68.00 over the last several hours, however it is unlikely that this will be sustained, as profit takers begin to loom.
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$UNFI Performing Falling wedgeFalling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) was also higher on Friday, with the cryptocurrency once again rising above the 1,600 level.
Following a low of 1,553.03 on Thursday, ETH/USD jumped to a peak at 1,628.61 earlier in the day.
This resulted in ethereum climbing to its highest point since the start of the week, when price was over 1,640.
Today’s hump comes days after bulls rejected a breakout below a support point of 1,540, and they now look to be targeting resistance of 1,650.
In order to get there, the RSI, which is currently reading at 51.81, will need to move beyond its own ceiling at 55.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) on the other hand, fell for a third straight session, as the cryptocurrency collided with a long-term floor.
After hitting a high at 1,580.26 on Wednesday, ETH/USD plunged to an intraday low of 1,543.59 earlier today.
The move saw the world’s second-largest cryptocurrency close in on a support point at the $1,540 mark.
This comes as the 10-day (red) moving average continued to trend lower and extend its downward cross with the 25-day (blue) trend line.
The last time bears forced a breakout below the aforementioned floor, ethereum went on to fall to a seven-month low.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) made slight gains on hump day, as it continued to hover around the 1,580 mark.
Following a low of 1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of 1,584.73 during the day.
Earlier gains have since eased, with ethereum now trading at 1,577.40, with short-term bulls still targeting the 1,600 zone.
This may be difficult to achieve as momentum appears bearish, with the 10-day (red) moving average continuing to trend downwards.
Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls.
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$STRAX near to BREAKOUT What Is A Demand Zone?
A demand zone is a support area where traders buy. This is often lower than the current spot price and can be near a psychological level such as $15,000, $20,000, or more.
Institutional supply and demand zones are often placed at flat numbers, and the price usually moves up or down depending on the trend.
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of 1,571.75 on Friday, it has since fallen to a current reading of 1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, marginally above a support point of 1,535.
The drop in price coincides with the RSI failing to breach its own point of resistance at the 40.00 mark.
price strength is at the 37.46 level, with the 10-day moving average trending downwards.
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#ethereum #eth weakened structure...A devastating blow may be approaching near. #ethusdt price formed a long way bearish formation , SHS Shoulder head and shoulder. A short term bounce may be ok but mid term is in dangerous situation. Do not take actions with this chart but already be extra cautious by taking stop loss. NOT FINANCIAL ADVICE.
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) remained in the red, following the recent decision by the Ethereum Foundation to trade 1,700 tokens.
After a high of 1,596.97 to start the week, ETH/USD retreated to a low of 1,553.01 late in yesterday’s session.
This saw the cryptocurrency hit a one-month low, prompting bulls to buy the dip, and pushing the price to a current reading of 1,580.44.
it seems that the recent decline has pushed the 10-day (red) moving average close to a downward cross with its 25-day (blue) counterpart.
In the event that this occurs, there will likely be further sell-offs, with ethereum almost certainly falling below 1,500.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) suffered heavy losses to start the week, with the price falling under the 1,600 zone.
ETH/USD moved to a bottom at 1,590.34 earlier in today’s session, which came a day after peaking at 1,638.90.
it appears that sellers are looking to push the world’s second-largest cryptocurrency to a floor at 1,560, before possibly taking profits.
Ethereum is now trading at a two-week low, with the RSI also hovering around its weakest point since late September.
Price strength is now tracking at 41.65, after recently slipping below a point of support at the 43.00 level.
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ETH 24-Hour Forecast: Bearish ☁️; Next Week: Bullish ☀️Slightly bearish clouds ☁️ lie ahead for Bitcoin and Ether in the next 24 hours, signaling a downside risk. Altcoins such as Litecoin, Cardano, Polygon, and Chainlink may see sunny ☀️ trading conditions.
Over a one-week horizon, the sun ☀️ should return and shine over Bitcoin and Ether. These improved trading conditions won't affect smaller coins such as Ripple, Avalanche, Binance Coin, and Polkadot, which will face a slightly bearish clouds ☁️ trend, according to ATTMO's forecasts.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:-Ethereum (ETH) also made marginal gains to start the weekend.
Following a low of 1,613.38 on Friday, ETH/USD moved to an intraday high of 1,659.61 as the session progressed.
gains have somewhat faded, with the world’s second-largest cryptocurrency now trading at 1,641.61.
The 14-day RSI on ethereum is now hovering near a resistance of 50.00, however, unlike BTC, it has not yet been able to break out of this zone.
In the event this takes place in the coming hours, ethereum bulls will likely make another run for the 1,700 level.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:-Ethereum (ETH) returned to the green in today’s session, following a spell of four consecutive days trading lower.
After hitting a one-week low of 1,608 on Thursday, ETH/USD rose to a peak of 1,649.13 earlier in the day.
This came as bulls opted to reenter the market following a breakout below a support point at the 1,620 level.
Earlier gains have somewhat faded, as ETH approached a ceiling near the 50.00 level on the RSI indicator.
Currently, price strength is tracking at 48.93, with ethereum trading at 1,634, and bulls maintaining a target of 1,700 in the short term.
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