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Friday, January 6, 2023

ETH/USD 1DAY UPDATE BY CRYPTO SANDERS Ethereum / U.S. Dollar (BI

ETH/USD 1DAY UPDATE BY CRYPTO SANDERS Ethereum / U.S. Dollar (BI

Ethereum / U.S. dollar BITSTAMP:ETHUSD

Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Ethereum (ETH) also consolidated in today’s session, with momentum marginally shifting on Thursday.

ETH/USD dropped to a bottom of $1,246.21 earlier in the day, which comes less than 24 hours after hitting a high of $1,264.81.

Despite the drop, sentiment remains somewhat bullish , as ETH continues to trade above its long-term resistance level at $1,230.

From the chart, the 10-day (red) and 25-day (blue) moving averages also remain close in proximity, maintaining chances of an upwards crossover.

This seems to be one of the factors in place that is keeping bullish sentiment alive. However, with the RSI now falling lower, this could begin to change.

Since failing to break out of a ceiling at the 57.00 level, price strength is now tracking at 55. 40 .

This is not a piece of financial advice.
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