Hello, welcome to this ETH/USDT chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-the 4-hour timeframe, the price has been forming higher highs and higher lows which is a typical bullish sign. However, the cryptocurrency has simultaneously entered a short-term consolidation and reached the $1.6K resistance level.
Ethereum seems to have gained sufficient momentum to surpass the $1.6K resistance zone. Still, the existing bearish divergence between the price and the RSI indicator might halt the current uptrend for the short term and result in a correction phase with low volatility.
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:-the 4-hour timeframe, the price has been forming higher highs and higher lows which is a typical bullish sign. However, the cryptocurrency has simultaneously entered a short-term consolidation and reached the $1.6K resistance level.
Ethereum seems to have gained sufficient momentum to surpass the $1.6K resistance zone. Still, the existing bearish divergence between the price and the RSI indicator might halt the current uptrend for the short term and result in a correction phase with low volatility.
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
