ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS
Hello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
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.
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.
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.
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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.