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 consolidated in today’s session, with bulls managing to keep prices above the $1,200 level.
Following a low of $1,208.03 in Tuesday’s session, ETH/USD was marginally higher on Thursday, as it rose to a peak of $1,219.61.
The move sees the world’s second-largest cryptocurrency continue to be a stone’s throw away from a ceiling at $1,230.
Despite the prospect of higher highs, overall momentum seems relatively bearish, with the 10-day (red) moving average extending a crossover with its 25-day (blue) counterpart.
As can be deduced from the chart, the RSI also looks set for a downtrend, as it failed to break out of its current ceiling at 47.00
In order for bullish sentiment to return, it is likely that a move beyond this resistance will need to take place.
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 consolidated in today’s session, with bulls managing to keep prices above the $1,200 level.
Following a low of $1,208.03 in Tuesday’s session, ETH/USD was marginally higher on Thursday, as it rose to a peak of $1,219.61.
The move sees the world’s second-largest cryptocurrency continue to be a stone’s throw away from a ceiling at $1,230.
Despite the prospect of higher highs, overall momentum seems relatively bearish, with the 10-day (red) moving average extending a crossover with its 25-day (blue) counterpart.
As can be deduced from the chart, the RSI also looks set for a downtrend, as it failed to break out of its current ceiling at 47.00
In order for bullish sentiment to return, it is likely that a move beyond this resistance will need to take place.
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
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