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.
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.
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.
Hit the like button if you like it and share your charts in the comments section.
Thank you
