Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum also hovered near its own support point in today's session as the overall market sentiment remained uncertain.
ETH/USD hit a low of 1,835.70 on Wednesday, which comes a few days after the price traded above 2,000.
Ethereum is now in the red for the fifth day in a row and is down nearly 10% during that period.
This recent run has sent the 25-day (blue) moving average (MA) down, with the trend line rapidly approaching its 10-day (red) counterpart.
Although the longer-term momentum is slowing, the fact that the 10-day EMA is below the 25-day line means that an upside crossover could lead to a bullish run.
If this happens, there is a good chance that the Bulls will aim to recapture the 2,000 points.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Ethereum also hovered near its own support point in today's session as the overall market sentiment remained uncertain.
ETH/USD hit a low of 1,835.70 on Wednesday, which comes a few days after the price traded above 2,000.
Ethereum is now in the red for the fifth day in a row and is down nearly 10% during that period.
This recent run has sent the 25-day (blue) moving average (MA) down, with the trend line rapidly approaching its 10-day (red) counterpart.
Although the longer-term momentum is slowing, the fact that the 10-day EMA is below the 25-day line means that an upside crossover could lead to a bullish run.
If this happens, there is a good chance that the Bulls will aim to recapture the 2,000 points.
Hit the like button if you like it and share your charts in the comments section.
Thank you
