Th57Trader

Ethrum Analysis in 1D time frame

BINANCE:ETHUSDT   Ethereum / TetherUS
Hi,The price of ETH in daily time is on an upward trend, which has just left its long-term channel. The MACD indicator and the price chart are converging, indicating a tendency to maintain an uptrend, but given the divergence in the RSI, one should expect a price correction in the daily time. The RSI indicator has broken its support line down and is now pulling back to it. If Polback confirms and this support fails, a deeper price correction should be expected.
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