Ethereum Remains Higher Ahead of Fed Rate Decision
Hello, welcome to this ETH /USDT 1DAY chart update by @CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) was also trading near a multi-week high in today’s session, as traders geared up for the U.S. Federal Reserve policy meeting.
Many expect the Fed to increase interest rates by 50 basis points, following the better-than-expected inflation report.
ETH/USD hit a high of $1,341.44 on Wednesday, which comes less than 24 hours after trading at a bottom of $1,289.23.
As can be seen from the chart, ethereum remains close to a five-week high, with prices in the green for a third consecutive session.
Like with bitcoin earlier, the RSI is now hovering close to a key resistance level of 59.00, with a current reading of 58.06.
Market pressure could intensify should bulls force a breakout of this hurdle, potentially leading ETH toward $1,400.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Ethereum (ETH) was also trading near a multi-week high in today’s session, as traders geared up for the U.S. Federal Reserve policy meeting.
Many expect the Fed to increase interest rates by 50 basis points, following the better-than-expected inflation report.
ETH/USD hit a high of $1,341.44 on Wednesday, which comes less than 24 hours after trading at a bottom of $1,289.23.
As can be seen from the chart, ethereum remains close to a five-week high, with prices in the green for a third consecutive session.
Like with bitcoin earlier, the RSI is now hovering close to a key resistance level of 59.00, with a current reading of 58.06.
Market pressure could intensify should bulls force a breakout of this hurdle, potentially leading ETH toward $1,400.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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