#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS
Hello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-ethereum (ETH) extended recent declines, stumbling lower for a second straight session on Monday.
ETH/USD fell to a low of $1,110.57 to start the week, which comes less than 24 hours after hitting a high of $1,183.43.
Today’s drop, which saw the token fall by as much as 4%, took ETH to its lowest point since November 10.
Bears seem to be targeting a floor of $1,100, however, traders have so far rejected this proposition, with the token bouncing, and it is now trading at $1,120.26.
As can be seen on the chart, Monday’s drop in price coincided with the RSI breaking out of its own floor at 37.75, and it is now at 34.61.
with the trendline suggesting that further declines could be on the way.
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.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-ethereum (ETH) extended recent declines, stumbling lower for a second straight session on Monday.
ETH/USD fell to a low of $1,110.57 to start the week, which comes less than 24 hours after hitting a high of $1,183.43.
Today’s drop, which saw the token fall by as much as 4%, took ETH to its lowest point since November 10.
Bears seem to be targeting a floor of $1,100, however, traders have so far rejected this proposition, with the token bouncing, and it is now trading at $1,120.26.
As can be seen on the chart, Monday’s drop in price coincided with the RSI breaking out of its own floor at 37.75, and it is now at 34.61.
with the trendline suggesting that further declines could be on the way.
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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