#ETH/USDT 12Hr UPDATE BY CRYPTO SANDERS !
Hello, welcome to this ETH/USDT 12Hr chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-Ethereum (ETH) rose by as much as 8% in today’s session, as the token briefly recaptured the $1,350 level.
Soon after the U.S. inflation report was released, ETH/USD rose to a peak of $1,351.79, moving away from earlier lows of $1077.24.
The token continues to trade above yesterday’s bottom, and as of writing is residing at the $1,272.95 mark.
Typically, such a move signals the beginning of a downward trend, which could mean that we have not yet reached a bottom.
Should this be the case, bears will likely be targeting a breakout below $1,000, after failing to move beyond this point earlier in the week.
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.
I have tried to bring the best possible outcome to this chart.
Show support hit the like button, and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Ethereum (ETH) rose by as much as 8% in today’s session, as the token briefly recaptured the $1,350 level.
Soon after the U.S. inflation report was released, ETH/USD rose to a peak of $1,351.79, moving away from earlier lows of $1077.24.
The token continues to trade above yesterday’s bottom, and as of writing is residing at the $1,272.95 mark.
Typically, such a move signals the beginning of a downward trend, which could mean that we have not yet reached a bottom.
Should this be the case, bears will likely be targeting a breakout below $1,000, after failing to move beyond this point earlier in the week.
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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