hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) moved away from Tuesday’s six-month low, climbing back above 1,600 in the process.
ETH/USD peaked at 1,616.54 in today’s session, following a bottom at 1,582.22 less than 24 hours before.
As a result of the rebound in price, the RSI has now moved out of oversold territory and is hovering below a key ceiling.
Currently, the aforementioned resistance sits at 40.00, with price strength currently residing at 39.40.
Should this zone be broken, then there will likely be a push above the 1,620 support point.
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) moved away from Tuesday’s six-month low, climbing back above 1,600 in the process.
ETH/USD peaked at 1,616.54 in today’s session, following a bottom at 1,582.22 less than 24 hours before.
As a result of the rebound in price, the RSI has now moved out of oversold territory and is hovering below a key ceiling.
Currently, the aforementioned resistance sits at 40.00, with price strength currently residing at 39.40.
Should this zone be broken, then there will likely be a push above the 1,620 support point.
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
