ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS

Hello, welcome to this ETH /USDT 1DAY chart update by CRYPTOSANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:- Ethereum (ETH) also moved lower to start the week, with prices once again moving under $1,200.

Following a high of $1,218.51 on Sunday, the world’s second-largest cryptocurrency dropped to a low of $1,162.19 earlier today.

The decline pushed ETH/USD below a key support point of $1,180 and came as the RSI failed to break out of a long-term resistance level.

As can be seen from the chart, price strength was unable to fully move beyond a ceiling of 43.00, and is currently tracking at 40.62.

In addition to this, the 10-day (red) moving average has shifted direction, with momentum once again downward facing.

Overall, a target of $1,070 appeared to be a likely destination for bears, should momentum continue to decline.

This is not a piece of financial advice.
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