ETH/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!
Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also slipped lower during today’s session, which can also be attributed to traders opting to secure gains.
Following a high of 1,669.02 on Tuesday, ETH/USD dropped to a low of 1,621.36 earlier in the day.
the world’s second-largest cryptocurrency fell close to a support point of 1,620.
Price has since rebounded, with ethereum trading at 1,631 at the time of writing, owing to bulls choosing to reject a breakout.
An earlier failed breakout attempt seems to be the reason for the decline, with the RSI unable to rise above a ceiling of 49.00.
Price strength now sits at 45.72, with a floor of 40.00 as a possible target for short sellers.
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 slipped lower during today’s session, which can also be attributed to traders opting to secure gains.
Following a high of 1,669.02 on Tuesday, ETH/USD dropped to a low of 1,621.36 earlier in the day.
the world’s second-largest cryptocurrency fell close to a support point of 1,620.
Price has since rebounded, with ethereum trading at 1,631 at the time of writing, owing to bulls choosing to reject a breakout.
An earlier failed breakout attempt seems to be the reason for the decline, with the RSI unable to rise above a ceiling of 49.00.
Price strength now sits at 45.72, with a floor of 40.00 as a possible target for short sellers.
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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