Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower to start the weekend, as prices continued to fall from a recent seven-month high.
ETH/USD dropped to a bottom at $1,730.35 in today’s session, which comes a day after hitting a high of $1,791.14.
The move pushed ethereum to its long-term floor at $1,730, with buys opting to buy the dip at that point.
This recent drop in price has pushed Ethereum’s RSI to its lowest point in two-week, with a current reading of 55.39.
Momentum still remains marginally bullish, as seen by the 10-day (red) moving average, however, should prices move below $1,730, that could change.
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) also edged lower to start the weekend, as prices continued to fall from a recent seven-month high.
ETH/USD dropped to a bottom at $1,730.35 in today’s session, which comes a day after hitting a high of $1,791.14.
The move pushed ethereum to its long-term floor at $1,730, with buys opting to buy the dip at that point.
This recent drop in price has pushed Ethereum’s RSI to its lowest point in two-week, with a current reading of 55.39.
Momentum still remains marginally bullish, as seen by the 10-day (red) moving average, however, should prices move below $1,730, that could change.
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
