ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!
Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Analyzing the daily chart, the price previously formed a higher pattern before experiencing a significant decline. The 50-day moving average at 1.8K acted as a support level, casting a significant shadow on the daily charts and substantial volatility on the lower time frames.
Currently, ETH is confined within a narrow dynamic range between the 50-day EMA, which is currently at $1931, and the key resistance area at 2K.
If the price manages to overcome the 2K resistance and surpass its previous high at 2.1K, it could potentially trigger an extended rally. Conversely, if there is a break below the 50-day EMA, the 100-day moving average at 1.7K will become a primary support level.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:-Ethereum Analyzing the daily chart, the price previously formed a higher pattern before experiencing a significant decline. The 50-day moving average at 1.8K acted as a support level, casting a significant shadow on the daily charts and substantial volatility on the lower time frames.
Currently, ETH is confined within a narrow dynamic range between the 50-day EMA, which is currently at $1931, and the key resistance area at 2K.
If the price manages to overcome the 2K resistance and surpass its previous high at 2.1K, it could potentially trigger an extended rally. Conversely, if there is a break below the 50-day EMA, the 100-day moving average at 1.7K will become a primary support level.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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