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) 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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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.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Trade active
CHART ANALYSIS:-Ethereum (ETH)also consolidated in today’s session, with bulls managing to keep prices above the $1,200 level.
Following a low of $1,208.03 in Tuesday’s session, ETH/USD was marginally higher on Thursday, as it rose to a peak of $1,219.61.
The move sees the world’s second-largest cryptocurrency continue to be a stone’s throw away from a ceiling at $1,230.
Despite the prospect of higher highs, overall momentum seems relatively bearish , with the 10-day (red) moving average extending a crossover with its 25-day (blue) counterpart.
As can be deduced from the chart, the RSI also looks set for a downtrend, as it failed to break out of its current ceiling at 47.00
In order for bullish sentiment to return, it is likely that a move beyond this resistance will need to take place.
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
Note
CHART ANALYSIS:-Ethereum (ETH) also consolidated to start the weekend, with prices edging closer to a key resistance level.
Following a low of $1,216.34 on Friday, ETH/USD raced to a peak of $1,227.00 earlier in today’s session.
As a result of today’s move, ethereum once again attempted to break out of a key ceiling at the $1,230 level.
Looking at the chart, the breakout did not occur, mainly due to the RSI also remaining below a ceiling of its own at 47.50.
As of writing, the index is tracking at 47.12, with momentum appearing to be bearish as a result of the direction of moving averages (MA).
The 10-day (red) MA extended its downward cross with its 25-day (blue) counterpart, which typically is a sign of price declines.
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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