Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) was also higher on Friday, with the cryptocurrency once again rising above the 1,600 level.
Following a low of 1,553.03 on Thursday, ETH/USD jumped to a peak at 1,628.61 earlier in the day.
This resulted in ethereum climbing to its highest point since the start of the week, when price was over 1,640.
Today’s hump comes days after bulls rejected a breakout below a support point of 1,540, and they now look to be targeting resistance of 1,650.
In order to get there, the RSI, which is currently reading at 51.81, will need to move beyond its own ceiling at 55.00.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- Ethereum (ETH) was also higher on Friday, with the cryptocurrency once again rising above the 1,600 level.
Following a low of 1,553.03 on Thursday, ETH/USD jumped to a peak at 1,628.61 earlier in the day.
This resulted in ethereum climbing to its highest point since the start of the week, when price was over 1,640.
Today’s hump comes days after bulls rejected a breakout below a support point of 1,540, and they now look to be targeting resistance of 1,650.
In order to get there, the RSI, which is currently reading at 51.81, will need to move beyond its own ceiling at 55.00.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
