ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) dropped below 1,900 in today’s session, as bulls retreated from a recent multi-week high.
ETH/USD sunk to a bottom at 1,860.37 earlier in today’s session, which comes after a peak of 1,914.85 the day prior.
the shift in momentum has led to ethereum moving away from a recent high of 1,928, which was the strongest point price had hit since May 8. Failure to move past a resistance level of 1,930 can be partially blamed for the change in direction.
bears now seem to be set on taking the price to a support point at 1,830, with the RSI hunting for a floor of its own.
The index is now tracking at 52.60, with the next visible floor potentially at 49.00.
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Ethsdt
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#ETH USDT UPDATE:
ETH is lying on the lower support of this big ascending channel like BTC or inside this channel ETH is making a falling wedge pattern.
Here we want a breakout from this falling wedge pattern or if it broke down the lower support of this channel then the chart will be invalid.
Let's see how the daily candle closes.
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