ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the red in today’s session, as it fell below the $1,600 level.
Following a high of $1,643.64 on Thursday, ETH/USD slipped to a bottom at $1,536.59 earlier in the day.
Like with BTC, this move pushed the world’s second-largest cryptocurrency to its lowest point since late January.
Overall, ETH has now fallen for a third consecutive day, with the latest drop resulting in prices breaking out of a floor at $1,600.
Traders now seem to be targeting a lower point of support at $1,515, which has not occurred so far, thanks to some resistance in price strength.
The RSI has collided with a floor at 46.75, which is its lowest point since January 3 and has helped calm earlier declines.
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Ethshort
ETH/USDT 12Hr UPDATE BY CRYPTO SANDERS !!Hello and welcome to this ETH/USDT chart update by Crypto Sanders.
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Chart Analysis:- Please comment on what you think according to the Ethereum 12-hour chart. I think ETH/USDT can go up to $1615
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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 saw a slight resurgence snapped, with market sentiment shifting in a bearish direction.
ETH/USD has bottomed at $1,615.06 so far on Thursday, which comes less than 24 hours after reaching a high of $1,678.09.
Yesterday’s move saw the world’s second-largest cryptocurrency break out of a ceiling at $1,675, however, it was unable to sustain this momentum.
Looking at the chart, bears seem to be targeting a floor at $1,600 for ETH, however, all advances to this point have so far been rejected.
This comes as the RSI appears to have found a relatively stable floor at the 57.00 mark, which has given confidence to nervous bulls.
At the time of writing, ethereum has rebounded from earlier lows and is currently trading at $1,626.90.
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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) extended recent gains today, with prices breaking out of a key resistance point in the process.
Following a low of $1,628.67 on Tuesday, ETH/USD jumped to a peak of $1,688.53 during the hump-day session.
As a result of today’s gains, the world’s second-largest cryptocurrency climbed past a resistance level of $1,675.
Similar to bitcoin, this move pushed ETH to its highest point since Saturday, with the RSI also hitting a four-day peak.
At the time of writing, the index is at a reading of 62.97, which is slightly below a ceiling of 64.00.
ETH bulls will likely attempt to break this resistance in the coming days, which will inevitably mean prices move back above $1,700.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Since rejecting a move below $1,600 on Monday, ethereum (ETH) has continued to find stability, with prices edging higher today.
ETH/USD moved to a peak of $1,653.72 to start the day, which comes less than 24 hours after falling to a bottom at $1,611.32.
As a result of this surge, the world’s second-largest cryptocurrency looks to be heading toward a ceiling of $1,670.
One of the reasons behind this jump has also been the RSI, which failed to move below a floor at 58.00, and is now at a reading of 60.16.
In addition to this, the 10-day (red) moving average continues to be upward-facing, which traders see as a bullish signal.
If this momentum persists, there is a strong possibility that ethereum could be trading close to $1,700 in the upcoming days.
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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) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.
ETH/USD hit a high of $1,670.70 to start the weekend, as the world’s second-largest cryptocurrency bounced away from Friday’s low at $1,634.49.
Following a surge to $1,714 on Thursday, which was the strongest point for ETH since September, prices have moved into consolidation.
Looking at the chart, Saturday’s climb has pushed the RSI closer to a resistance of its own at 68.00, with the index currently tracking at 64.35.
ETH will likely reach the $1,700 mark should price strength recapture this ceiling.
The 10-day (red) moving average appears to be upwards facing, which could be a positive sign for bulls anticipating upcoming surges.
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ETH/USDT 1HOUR UPDATEHello and welcome to this ETH/USDT chart update by Crypto Sanders.
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Chart Analysis:- As we can see the middle trend line of the ETH parallel channel where 100ma is acting as the support I think ETH can bounce from here and go back to $1715 and if 100ma breaks then the chart will be invalid Will be done.
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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 retreated from recent gains, with prices giving up a five-month high.
ETH/USD surged to a peak of $1,704.46 on Thursday, which was its highest point since September 13.
However, with the NFP fast approaching, market momentum has marginally moved, with ETH falling to a low of $1,634.22 earlier in the day.
Looking at the charts, selling has also taken place with the RSI below the 63.00 mark, which appears to be an interim point of resistance.
At the time of writing this, the index is tracking at 62.92, with the Doji candlestick being the current print on today's chart.
It usually indicates indecision and uncertainty, with neither the bears nor the bulls able to capture the market sentiment.
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ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS!!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also made significant gains in the last 24 hours, as traders pushed prices close to the $1,700 mark.
Following a low of $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 earlier in today’s session.
This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761.
Looking at the chart, today’s five-month high came as ETH broke out of its long-term price ceiling at $1,670.
Although one point of resistance has been broken, ethereum bulls are fast approaching another, with the relative strength index (RSI) nearing a ceiling at 68.00.
Currently, the index is tracking at 65.19, with earlier bulls likely to consider taking profits before a full collision occurs.
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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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ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the red in today’s session, with prices falling further below $1,600.
Following a high of $1,595.86 to start the week, ETH/USD slipped to an intraday bottom of $1,546.66 on Tuesday.
Since hitting a then four-month high of $1,680 on January 21, the world’s second-largest cryptocurrency has mostly consolidated.
Many in the market somewhat saw this coming, due to prices being significantly overbought, with the RSI hovering between 70.00 and 87.00.
Price strength has since weighed heavily, and at the time of writing, the index is currently tracking at 57.02.
ETH has already rebounded from earlier lows and is currently trading at $1,571.37, with bulls sure to make another run toward the $1,600 zone.
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ETH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower to start the week, as sentiment shifted following a breakout of the $1,600 level
ETH/USD slipped to a bottom of $1,582.18 earlier in the day, as bulls were unable to sustain Sunday’s high at $1,653.73.
Yesterday’s peak saw the world’s second-largest cryptocurrency climb to its strongest point in one week, however, traders used this as an ideal moment to secure recent gains.
The move saw ethereum marginally break out above a ceiling at $1,650, however bearish sentiment around this mark has reigned supreme over the last three months.
A breakout below a floor of 60.00 on the RSI also contributed to the decline, with the index now tracking at 58.40.
In the event today’s decline continues in the coming days, it is possible that ETH could be heading towards a floor at $1,550.
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Ethereum to extend it's loses?Ethereum - 24h expiry - We look to Sell a break of 1508 (stop at 1551)
Short term momentum is bearish.
Short term bias has turned negative.
A break of the recent low at 1519 should result in a further move lower.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 1401 and 1381
Resistance: 1560 / 1585 / 1600
Support: 1520 / 1500 / 1450
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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 shifted on Wednesday, with prices falling below a recent support point at $1,600.
ETH/USD slipped to a bottom of $1,530.80 on Wednesday, following a peak of $1,630.47 during Tuesday’s session.
Since breaking out of its $1,600 floor, ethereum appears to be heading towards a lower level of support at $1,500.
today’s red wave comes as bears have finally opted to reenter the market, as a result of prices being overbought.
Ethereum’s 14-day RSI is currently sitting at 61.07, which is its lowest point since January 8, and this comes a day after breaking out of a floor at 74.00.
There appears to be an upcoming support area at 58.00, and if this remains firm, ETH could manage to stay above $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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