Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 4-HOUR update.
Looking at the 4-hour chart, the recent market consolidation seems clearer. The price created a rising wedge and broke it to the downside, which is a classical bearish continuation pattern.
While ETH is approaching the 3,000 support level, the RSI is dropping below the 30% mark, which indicates ETH is oversold in this timeframe. Therefore, it might only be a matter of time before the price rebounds higher, probably from the 3,000 support zone.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the ETH 4-HOUR update.
Looking at the 4-hour chart, the recent market consolidation seems clearer. The price created a rising wedge and broke it to the downside, which is a classical bearish continuation pattern.
While ETH is approaching the 3,000 support level, the RSI is dropping below the 30% mark, which indicates ETH is oversold in this timeframe. Therefore, it might only be a matter of time before the price rebounds higher, probably from the 3,000 support zone.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
