Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- ethereum (ETH) remained in the red, following the recent decision by the Ethereum Foundation to trade 1,700 tokens.
After a high of 1,596.97 to start the week, ETH/USD retreated to a low of 1,553.01 late in yesterday’s session.
This saw the cryptocurrency hit a one-month low, prompting bulls to buy the dip, and pushing the price to a current reading of 1,580.44.
it seems that the recent decline has pushed the 10-day (red) moving average close to a downward cross with its 25-day (blue) counterpart.
In the event that this occurs, there will likely be further sell-offs, with ethereum almost certainly falling below 1,500.
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:- ethereum (ETH) remained in the red, following the recent decision by the Ethereum Foundation to trade 1,700 tokens.
After a high of 1,596.97 to start the week, ETH/USD retreated to a low of 1,553.01 late in yesterday’s session.
This saw the cryptocurrency hit a one-month low, prompting bulls to buy the dip, and pushing the price to a current reading of 1,580.44.
it seems that the recent decline has pushed the 10-day (red) moving average close to a downward cross with its 25-day (blue) counterpart.
In the event that this occurs, there will likely be further sell-offs, with ethereum almost certainly falling below 1,500.
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.
