Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) fell to a one-month low to start the week, with prices moving below the $1,500 mark.
Less than 24 hours after trading at the peak of $1,545.55, ETH/USD bottomed out at a low of $1,477.73 earlier today.
Monday’s plunge has seen the world’s second-largest cryptocurrency hit its weakest point since January 14.
This latest slippage in price comes as the RSI failed to stay above a long-term floor at the 44.00 level.
As of writing, price strength is currently tracking at 42.26, the lowest reading since December 28.
Should this downward trend continue, it is highly likely that ethereum could collide with support at $1,450.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:-Ethereum (ETH) fell to a one-month low to start the week, with prices moving below the $1,500 mark.
Less than 24 hours after trading at the peak of $1,545.55, ETH/USD bottomed out at a low of $1,477.73 earlier today.
Monday’s plunge has seen the world’s second-largest cryptocurrency hit its weakest point since January 14.
This latest slippage in price comes as the RSI failed to stay above a long-term floor at the 44.00 level.
As of writing, price strength is currently tracking at 42.26, the lowest reading since December 28.
Should this downward trend continue, it is highly likely that ethereum could collide with support at $1,450.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
