ETH/BTC possible bounce entryAs BTC is ripping , altcoins are getting destroyed.
This is mainly because people are switching their altcoins into bitcoins in order to preserve their bitcoins. Bitcoin just went 70%+ in 1 week and destroyed altcoins there leaving them behind .
Above, i have provided possible targets to where altcoins can start bouncing.
Ethdominance
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) on the other hand, has been predominantly bullish to start the week, with prices rising back above $1,600.
ETH/USD, which dropped to a bottom of $1,597.21 on Sunday, surged to a peak of $1,645.91 earlier in the day.
Prices have primarily climbed in the past few days, after falling to a low of $1,557 to start the weekend.
earlier gains have eased, as the RSI collided with a wall at the 54.00 mark.
Since this collision, price strength has declined, with the RSI now tracking at 53.04, and ETH trading at $1,638.06.
Should ETH bulls intend to return the price toward the $1,700 mark, the first step in this journey would be to move past the 54.00 ceilings.
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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) fell to a one-month low to start the week, with prices moving below the $1,500 mark.
Less than 24 hours after trading at the peak of $1,545.55, ETH/USD bottomed out at a low of $1,477.73 earlier today.
Monday’s plunge has seen the world’s second-largest cryptocurrency hit its weakest point since January 14.
This latest slippage in price comes as the RSI failed to stay above a long-term floor at the 44.00 level.
As of writing, price strength is currently tracking at 42.26, the lowest reading since December 28.
Should this downward trend continue, it is highly likely that ethereum could collide with support at $1,450.
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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) also moved lower on Monday, however, prices were able to remain above the $1,600 level despite the decline.
Following a high of $1,665.26 on Sunday, ETH/USD dropped by as much as 2% in today’s session, hitting a low of $1,616.30 in the process.
As a result of this sell-off, ethereum moved closer to its recent support level of $1,600. However, bulls have so far rejected a collision.
This has been helped by the RSI, which has found its own floor at 58.00, providing a soft landing for previous bulls.
ETH has since rebounded from earlier losses, and at the time of writing, is trading at $1,630.55.
Should this RSI floor of 68.00 hold, ethereum bulls may attempt to make another move toward $1,700 as the week progresses.
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ETH/USDT 4Hr UPDATE BY CRYPTO SANDERS !!Hello and welcome to this ETH/USDT chart update by Crypto Sanders.
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Chart Analysis:-As we can see it is trading inside the rising channel. We expect Ethereum once $1560 to be $1575.
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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) 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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USDT.DOMINANCE 4HOUR UPDATE BY CRYPTO SANDERS!!Hello, welcome to this USDT. dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-Hello my friends in the USDT Dominance charts, when USDT Dominance was trading inside a parallel channel from Jan 13, 2023, 7:00 UTC, I see something like this pattern, when the breakdown Jan 25, 2023, 23:00 UTC Thus we are seeing that whenever USDT dominance falls below the top level of its parallel channel, about 9% of the USDT dominance bomb explodes and this results in a massive parallel channel. turns. Hits the trade line and is back 8% to 9% looks the same today and I expect USDT dominance to be around 9% today stay tuned for more such updates thanks
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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) also rebounded in today’s session, with prices moving back above the $1,600 level.
ETH/USD, which slipped to a bottom of $1,535.00 on Wednesday, raced to a peak of $1,632.24 later in the day, following Tesla’s earnings call.
As a result of the move, the world’s second-largest cryptocurrency rose past its recent resistance point of $1,600.
Like with BTC, previous bulls have somewhat abandoned their positions, opting to take profits as prices reentered overbought territory.
Ethereum’s 14-day RSI is currently sitting at 67.07 and appears to be heading for a ceiling at the 75.00 mark.
Should this occur, it is likely that ETH will collide with a ceiling of $1,685.
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USDT.DOMINANCE 1DAY UPDAYE BY CRYPTO SANDERS !!Hello, welcome to this USDT.dominance update by CRYPTO SANDERS.
CHART ANALYSIS:-USD.dominance update USD has broken the bottom line by forming a dominance ascending triangle pattern and the latest one also continued from a 7.27% decline to 6.55% next target for USD dominance could be 5.81% if USD dominance breaks to 5.81% If this goes up, we can see USD dominance up to 4.59%
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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) somewhat slowed in today’s session, with the price approaching its floor at $1,600.
Following a high of $1,658.02 to start the week, ETH/USD dropped to a bottom of $1,609.16 earlier in the day.
Sentiment in the world’s second-largest cryptocurrency seems to have already shifted, with several dojis (candlesticks signaling reversal) appearing on the chart.
As can also be seen on the chart, the RSI is currently hovering slightly above a floor at 74.00, which is a current reading of 74.07.
Should a breakout take place, bearish pressure will likely increase, with traders potentially eyeing a move under $1,600.
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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 ETHEREUM/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also rebounded during today’s session, with prices continuing to move away from a recent floor.
Following a low of $1,515.79 on Thursday, ETH/USD raced to a peak of $1,559.55 earlier in the day.
Today’s surge comes as ethereum continues to move away from a recent support point at the $1,500 level.
Similar to BTC, the move comes following a dead cat bounce on the RSI indicator, with price strength rebounding from a recent low.
Currently, the index is tracking at a level of 74.64, which is marginally higher than the aforementioned floor at 70.00.
ETH bulls will likely now be targeting a resistance level at the $1,600 level.
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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), which rose above $1,600 on Wednesday, was also in the red in today’s session, falling towards a five-day low.
Following a high of $1,602.11 on hump day, ETH/USD dropped to a bottom of $1,509.42 earlier today.
As a result of the move, ETH fell to its lowest point since Saturday, when prices hit a floor of $1,449.
From the chart, ETH’s price strength has also hit a support level, with the RSI currently hovering close to a floor of 70.00.
Should momentum continue to trend downwards, the next signal will be that of the 10-day (red) moving average, which for now remains upward-facing.
Providing this occurs, ethereum sellers will likely be targeting a move near the $1,350 mark.
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USDT.DOMINANCE LINE CHART UPDATE !!Hello and welcome to this USDT.DOMINANCE LINE chart update by Crypto Sanders.
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Chart Analysis:-Dominance is lowering inside the parallel channel We expect the dominance line chart to touch the upper train line and break down back to the bottom of the parallel channel as pumps can be seen in the altcoin. And dominance in RSI is showing bullish divergence.
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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) also retreated from recent highs, which comes after a failed breakout of its own.
ETH/USD dropped to a low of $1,529.79 earlier today, after trading as high as $1,579.48 on Sunday.
Ethereum failed to climb above the $1,580 high range, which led to a resurgence of some bearish sentiment.
Like bitcoin, there was a lot of buying seen in Ethereum price, with the index at its highest point since January 2021.
Now tracking at 83.46, the next visible floor seems to be at the 70.00 mark, which could see ETH trading near $1,475 if hit.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETH/USDT 1DAY time frame chart update by CRYPTO SANDERS.
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CHART ANALYSIS:- ETH is showing strength as bullish volume is on the rise. The MACD crossover is indicating a strengthening trend.
ETH is currently facing resistance from the previous strong high low at $1599; If the bulls break it with a solid volume, the bullish momentum will continue towards the next resistance at $2K
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ETH/USD weekly time frame UPDATE !!Hello, welcome to this ETH /USD weekly time frame chart update by CRYPTO SANDERS.
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CHART ANALYSIS:-ETH bounced off the historical trend line and declined below support on the weekly time frame with a solid bullish volume . The bulls also recaptured the powerful horizontal support, which shows the strength of the bulls.
Currently, the bulls are facing the previous lower high resistance at $1591. We need to look for an effective breakout of the falling wedge , which would confirm a solid rally in the market.
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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 moved up significantly on Friday, pushing its price above the $1,400 mark.
ETH/USD touched a high of $1,599 in today's session, less than a day after trading at a low of $1,447
Like bitcoin, this jump in price has pushed Ethereum to its highest point since November 8, when it reached a high of $1,599.
From the charts, the ETH price is now deep in the overbought zone, with the RSI index tracking at the level of 75.54.
Earlier gains have started eroding, as previous bulls have started taking profits in anticipation of a momentum reversal.
At the time ETH/USD is trading at $1,552.60.
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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) 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/USD 1DAY UPDATE BY CRYPTO SANDERS Ethereum / U.S. Dollar (BIHello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) also consolidated in today’s session, with momentum marginally shifting on Thursday.
ETH/USD dropped to a bottom of $1,246.21 earlier in the day, which comes less than 24 hours after hitting a high of $1,264.81.
Despite the drop, sentiment remains somewhat bullish, as ETH continues to trade above its long-term resistance level at $1,230.
From the chart, the 10-day (red) and 25-day (blue) moving averages also remain close in proximity, maintaining chances of an upwards crossover.
This seems to be one of the factors in place that is keeping bullish sentiment alive. However, with the RSI now falling lower, this could begin to change.
Since failing to break out of a ceiling at the 57.00 level, price strength is now tracking at 55.40.
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