CryptoSanders9563

ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.

CHART ANALYSIS:-Ethereum Analyzing the daily chart, the price previously formed a higher pattern before experiencing a significant decline. The 50-day moving average at $1.8K acted as a support level, casting a significant shadow on the daily charts and substantial volatility on the lower time frames.

Currently, ETH is confined within a narrow dynamic range between the 50-day EMA, which is currently at $1931, and the key resistance area at $2K.

If the price manages to overcome the $2K resistance and surpass its previous high at $2.1K, it could potentially trigger an extended rally. Conversely, if there is a break below the 50-day EMA, the 100-day moving average at $1.7K will become a primary support level.

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