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) also rose in today’s session, as bulls reentered the market, taking prices close to the $1,300 level.
ETH/USD raced to a high of $1,294.10 in today’s session, which comes less than a day after hovering at a low of $1,248.36.
As a result of today’s move, ETH/USD moved closer to a recent resistance level of $1,300, as prices were almost 4% higher than Monday’s peak.
Like with bitcoin, bullish sentiment in ethereum returned following a breakout of a resistance level at the 53.00 mark.
As of writing, the index is tracking at 53.75 and now seems to be moving toward a ceiling of 55.00.
ETH will likely recapture the $1,300 level, however, what happens at that level is the key question for traders.
This is not a piece of financial advice.
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