Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) fell below the 1,600 level in today’s session, as bearish pressure continued to intensify.
Following a high of 1,601.54 on Thursday, ETH/USD slipped to an intraday low of 1,573.31 later in the day.
This was the lowest point ethereum had fallen to since September 12, when the price bottomed out at 1,549.
Bulls have since bought this dip, with the world’s second-largest cryptocurrency rebounding to a current level of 1,597.46.
the 10-day (red) and 25-day (blue) moving averages have neared one another, with the prospect of an upward cross seeming imminent.
Should this occur, there could be a bull run in ETH this weekend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Ethereum (ETH) fell below the 1,600 level in today’s session, as bearish pressure continued to intensify.
Following a high of 1,601.54 on Thursday, ETH/USD slipped to an intraday low of 1,573.31 later in the day.
This was the lowest point ethereum had fallen to since September 12, when the price bottomed out at 1,549.
Bulls have since bought this dip, with the world’s second-largest cryptocurrency rebounding to a current level of 1,597.46.
the 10-day (red) and 25-day (blue) moving averages have neared one another, with the prospect of an upward cross seeming imminent.
Should this occur, there could be a bull run in ETH this weekend.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
