Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) was also marginally higher in today’s session, with prices continuing to trade below a long-term ceiling
ETH/USD hit a high of $1,342.76 earlier in the day, less than 24 hours after trading at a low of $1,324.97.
Overall, ethereum remains below a resistance point of $1,350, with many expecting prices to move after the release of U.S. inflation figures tomorrow.
As can be seen from the chart, the consolidation below this price ceiling comes as the RSI continues to trade under a hurdle of its own.
Price strength is now tracking at the 68.73 level, which is under a point of resistance at the 70.00 mark.
ETH bulls are likely still targeting a move beyond $1,400, however, in order for this to happen, the RSI level of 70.00 must first be overcome.
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) was also marginally higher in today’s session, with prices continuing to trade below a long-term ceiling
ETH/USD hit a high of $1,342.76 earlier in the day, less than 24 hours after trading at a low of $1,324.97.
Overall, ethereum remains below a resistance point of $1,350, with many expecting prices to move after the release of U.S. inflation figures tomorrow.
As can be seen from the chart, the consolidation below this price ceiling comes as the RSI continues to trade under a hurdle of its own.
Price strength is now tracking at the 68.73 level, which is under a point of resistance at the 70.00 mark.
ETH bulls are likely still targeting a move beyond $1,400, however, in order for this to happen, the RSI level of 70.00 must first be overcome.
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
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