CryptoSanders9563

ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

BITSTAMP:ETHUSD   以太坊
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Ethereum (ETH) was also back in the green on Wednesday, following a brief stint of consolidation the day prior.

ETH/USD moved to a high of $1,836.29 on hump-day, which comes less than 24 hours after trading at a low of $1,761.67.

Similar to bitcoin, Wednesday’s rally in price saw ETH near a recent high of $1,846, which is its strongest point since last August.

The 10-day (red) moving average (MA) has continued to trend upwards, extending its crossover with the 25-day (blue) MA.

However, price strength seems to be a barrier to further gains, with the index now tracking below a ceiling at 64.00

In order for bulls to extend gains, there will likely need to be a breakout of the aforementioned resistance level.

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