hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also edged higher during Friday’s session, with bulls pushing the price closer to the 1,700 level.
After trading at a low of 1,617.80 on Thursday, ETH/USD rallied to an intraday high of 1,657.30 earlier in the day.
gains have since faded, with the world’s second-largest cryptocurrency now trading at 1,626.05.
A failed move beyond a resistance zone of 40.00 seems to be one reason for the reversal, with the RSI now tracking at 37.41.
Should momentum continue to slip, a floor of 35.00 could provide a stable base, and if this fails, ETH could slip under 1,600.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Ethereum (ETH) also edged higher during Friday’s session, with bulls pushing the price closer to the 1,700 level.
After trading at a low of 1,617.80 on Thursday, ETH/USD rallied to an intraday high of 1,657.30 earlier in the day.
gains have since faded, with the world’s second-largest cryptocurrency now trading at 1,626.05.
A failed move beyond a resistance zone of 40.00 seems to be one reason for the reversal, with the RSI now tracking at 37.41.
Should momentum continue to slip, a floor of 35.00 could provide a stable base, and if this fails, ETH could slip under 1,600.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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