Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) fell from Thursday’s high, with the cryptocurrency also impacted by today’s increased volatility.
Following a high of $1,666.13 during yesterday’s session, ETH/USD slipped to a low of $1,632.57 on Friday.
The drop saw ethereum move further away from its long-term ceiling at $1,675, and closer to a floor of $1,630.
Since hitting this earlier high, prices have gone on to rebound, with ethereum now trading at $1,648.37.
This comes as price strength seems to have found a floor at 54.00, and is currently hovering above this point.
At the time of writing, the index is tracking at 54.35, with the 10-day (red) moving average upward facing, which could be a sign of an upcoming rally.
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 from Thursday’s high, with the cryptocurrency also impacted by today’s increased volatility.
Following a high of $1,666.13 during yesterday’s session, ETH/USD slipped to a low of $1,632.57 on Friday.
The drop saw ethereum move further away from its long-term ceiling at $1,675, and closer to a floor of $1,630.
Since hitting this earlier high, prices have gone on to rebound, with ethereum now trading at $1,648.37.
This comes as price strength seems to have found a floor at 54.00, and is currently hovering above this point.
At the time of writing, the index is tracking at 54.35, with the 10-day (red) moving average upward facing, which could be a sign of an upcoming rally.
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
