Hello, welcome to this ETH/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Ethereum (ETH) also plunged in today’s session, with prices falling below $1,200.
The world’s second-largest cryptocurrency has been down by roughly 2% on Thursday, falling to a low of $1,189.21 in the process.
This decline saw ETH/USD break out of its recent floor, with the next visible point of support at the $1,105 mark.
Unlike BTC, it seems as though the moving averages on ETH could still be heading lower, which could prevent many bears from entering at this moment.
Currently, the RSI here is hovering near a floor of 38.00, and should this hold, we could see prices begin to rebound.
However, if a breakout does take place, it is likely we could see ethereum head below $1,100.
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.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Ethereum (ETH) also plunged in today’s session, with prices falling below $1,200.
The world’s second-largest cryptocurrency has been down by roughly 2% on Thursday, falling to a low of $1,189.21 in the process.
This decline saw ETH/USD break out of its recent floor, with the next visible point of support at the $1,105 mark.
Unlike BTC, it seems as though the moving averages on ETH could still be heading lower, which could prevent many bears from entering at this moment.
Currently, the RSI here is hovering near a floor of 38.00, and should this hold, we could see prices begin to rebound.
However, if a breakout does take place, it is likely we could see ethereum head below $1,100.
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
