ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) moved slightly higher on Wednesday, with the price approaching the $1,600 area.
ETH/USD reached a peak of $1,598.52 on the first day, which comes after falling to a low of $1,569.04 the day before.
Like bitcoin, ETH bulls were unable to push the price above resistance, with earlier momentum waning as of writing.
From the charts, it appears that there has been a change in sentiment as the RSI was unable to overcome its own high at 58.00.
Currently, the index is tracking at 57.64, with the 10-day (red) moving average also changing its trend, and is now on the downside.
Should this sentiment continue, there is a high probability that ETH will drop to a low of $1,550.
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Ethanaliysis
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-There was a slight shift in sentiment in ethereum (ETH), with prices moving below $1,600 during today’s session.
Following a high of $1,619.45 on Thursday, ETH/USD dropped to an intraday low of $1,565.25 earlier in the day.
Today’s move came as the world’s second-largest cryptocurrency was unable to break out of a resistance level of $1,640 on Wednesday.
Since this time, prices have moved to lower lows in back-to-back sessions, with Ethereum’s RSI also dropping below a critical point of support.
The index is tracking at 61.94, which is marginally under its recent floor of 63.00, and its weakest level since January 8.
Should this bearish trend continue into the weekend, there is a strong possibility that ETH will hit a floor at $1,500.
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ETH/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) is retesting the descending channel. The current short-term resistance level is $1530.
To continue the bullish momentum in the market, the bulls need to clear the $1530 resistance.
In case of a failed retest of the descending channel, $1.5K is a strong support level for the bulls to make higher lows at that level.
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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) Ethereum (ETH) also surged on Saturday, as it climbed to its highest mark in the last four months.
ETH/USD hit a high of $1,674.18 earlier in the day, which comes following a bottom of $1,550.03 on Friday.
As a result of the move, ethereum recaptured a high not seen since September 13, which is the last time it traded over $1,700.
Although prices are currently below this threshold, the resurgence of bullish momentum on Saturday could lead to further surges this weekend.
The surge has pushed the 10-day (red) moving average back into an uptrend, extending its distance from its 25-day (blue) counterpart.
Overall, ethereum is up 6.28% as of writing.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) was also significantly higher in today’s session, with prices moving to a two-month high.
Following a low of $1,323.58 on Wednesday, ETH/USD jumped to a peak of $1,408.13 earlier in the day.
As a result of this rally, the world’s second-largest cryptocurrency is now trading at its strongest position since November 8.
Like with bitcoin earlier, the move has occurred as the RSI broke out of a ceiling at 69.00, and it is currently tracking at 75.89.
In addition to this, the 10-day (red) moving average has continued its upwards crossover versus its 25-day (blue) counterpart.
Should this momentum maintain this trajectory, then the next target for bulls will likely be a ceiling of $1,470.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!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) also rallied to a multiple-week high on Monday, with prices climbing above a recent ceiling at $1,300.
ETH/USD raced to an intraday high of $1,324.01 earlier in today’s session, which comes less than 24 hours after trading at a low of $1,261.95.
Similar to bitcoin, today’s rally pushed ethereum to its highest point since mid-December, when the coin was above $1,350.
As can be seen from the chart, an upwards crossover of moving averages has also occurred here, with the RSI gaining momentum as well.
Currently, the index is tracking at 66.81, which is its strongest point since October 29, when ETH was trading upwards of $1,500.
Should bullish sentiment remain throughout the week, ethereum will likely climb past the $1,400 level.
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ETH/USDT 4HOUR UPDATE !!Hello, welcome to this ETH/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-This Wednesday, the bulls took control of the price action and pushed ETH above the key $1,260 resistance level. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to register an increase of 3.8% over the past seven days.
The fact that over the past two days, the price has been timid about retracing from this most recent rally suggests that sellers are tired or lack interest at the moment. This can turn out to be an important opportunity for the Bulls.
Looking ahead, ETH is showing good signs that buyers are in control with higher lows and higher highs in price action. Should they sustain the momentum, the next important level to watch is $1,355.
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ETH/USDT 4 HOUR UPDATEHello, welcome to this ETH/USDT chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-ETH continues the sideways movement. The market is loading for a big impulsive move. The trading range major support is the $1160-$1170 area and major resistance is the $1230-$1240 area. Plan your trades accordingly.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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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.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) continued to trade above $1,200 on Wednesday, with bulls pushing prices closer to a key resistance level.
ETH/USD hit a peak of $1,224.09 earlier in today’s session, which comes less than 24 hours after hitting a bottom of $1,206.44.
Despite prices nearing a ceiling at the $1,230 mark earlier in the day, bearish sentiment has increased at this level, leading to previous bulls retreating.
As of writing, the world’s second-largest cryptocurrency is trading at $1,214.44, which comes following a recent crossover of moving averages.
Looking at the chart, a downward cross between the 10-day (red) and 25-day (blue) moving averages has occurred, which typically is a sign of pending declines.
Should this momentum intensify in the coming days, ETH could likely move back toward a floor of $1,160.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-ethereum (ETH) also trended higher on Tuesday, as it once again rose into the $1,200 region.
Following a low of $1,160.38 to start the week, ETH/USD raced to a peak of $1,214.73 earlier in the day.
This comes despite the fact that there has been a recent downward crossover between the 10-day (red) and 25-day (blue) moving averages.
As of writing, the world’s second largest cryptocurrency seems set to collide with a higher resistance at the $1,230 level.
This could prove to be challenging however, with the 14-day RSI now hovering directly below a ceiling at 47.00.
Should there be a break of this key threshold, we will likely see more ETH bulls reenter the market.
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Unique Update Of EthereumHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum(ETH) also trended downwards on Monday, with prices falling for a second consecutive session.
Following a high of $1,281.78 on Sunday, ETH/USD moved to a bottom of $1,243.48 earlier in the day.
The move saw ethereum fall to its lowest point since November 8, and it is now nearing a floor of $1,230.
Looking at the chart, recent bearish sentiment in ETH returned once the RSI failed to break out of a ceiling of 52.00.
As of writing, the index is tracking at 48.60 and now seems to be moving towards a floor of 45.30.
Despite this downtrend, the 10-day (red) moving average still remains above its 25-day (blue) counterpart.
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#ETH/USDT 1DAY UPDATE BY CRYPTO SANDER6Hello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH)
Ethereum had a good week, with the price managing to break above the $1,220 resistance level and booking a 6.5% increase in the process. This bullish momentum is expected to continue if buyers can manage to turn the previous resistance into support.
The buying volume was good during the breakout, but a retest of $1,220 now seems likely. Should bulls be successful in defending it, Ethereum’s next target is found at $1,365. While the momentum favors buyers at this time, they will face stiff resistance from sellers considering that the market is still overall bearish.
Looking ahead, the best thing that can happen to Ethereum is to reclaim its price level from early November when it was trading around $1,600 (just before the FTX collapse). That would bring back confidence in the market, and bulls may choose to even challenge the $1,725 resistance level.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:- Ethereum (ETH) also moved lower to start the week, with prices once again moving under $1,200.
Following a high of $1,218.51 on Sunday, the world’s second-largest cryptocurrency dropped to a low of $1,162.19 earlier today.
The decline pushed ETH/USD below a key support point of $1,180 and came as the RSI failed to break out of a long-term resistance level.
As can be seen from the chart, price strength was unable to fully move beyond a ceiling of 43.00, and is currently tracking at 40.62.
In addition to this, the 10-day (red) moving average has shifted direction, with momentum once again downward facing.
Overall, a target of $1,070 appeared to be a likely destination for bears, should momentum continue to decline.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) was once again below $1,200, as the world’s second-largest cryptocurrency also consolidated in today’s session.
ETH/USD fell to a bottom of $1,174.82 earlier in the day, which comes less than 24 hours after hitting a high of $1,203.98.
As a result of this drop, ETH/USD slipped below support at $1,180. However, as the day progressed, the price rebounded.
Currently, ethereum is trading at $1,220.60, with the RSI tracking at a level of 42.75, which is below a ceiling of 43.00.
In addition to this, the 10-day (red) moving average is currently trending sideways, which seems to be a positive signal that recent downward pressure has eased, for now.
Should this trend line begin to shift, we could see more ETH bulls return to the market, in anticipation of an uptrend.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-ethereum (ETH) moved higher in today’s session, with the token climbing above the $1,200 level.
ETH/USD rose to a high of $1,211.63 earlier in the day, less than 24 hours after trading at a low of $1,153.53.
The move saw ethereum race above a recent resistance level of $1,180, hitting a five-day high in the process.
As can be seen from the chart, the rise in price comes as the RSI climbs above a ceiling at 42.00, and is currently tracking at 42.50.
Despite this, there is a higher point of resistance at 43.00, which triggered some earlier bulls to liquidate their positions.
In order to reach $1,250, which appears to be the target for remaining bulls, the RSI will first need to move beyond 43.00.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) fell for a third consecutive session on Tuesday, with the token moving below $1,100 in the process.
Following a high of $1,140.70, ETH/USD declined earlier today, moving to an intraday low of $1,081.14.
As a result of today’s drop in price, ETH sank toward a floor of $1,080, hitting its lowest point since November 4
Since hitting this point of support prices have somewhat rebounded, and as of writing the token is trading at $1,095.29.
Unlike BTC, it appears as ETH has found a floor on the RSI indicator, with the index hovering close to support at 33.00.
Should this floor hold firm, bulls will likely prepare to return to the market, leading to a shift in current sentiment.
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#ETH/USDT 1HOUR UPDATE !!Hello, welcome to this ETHUSDT 1Hr chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-ETH/USDT bounced from the hourly support. ETH needs to break the $1352-$1520 area to get some momentum. We may see some sideways move from $1500-$1600 for the next few days.
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