Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH), which dropped below the 1,800 level to start the weekend.
After climbing to a peak of 1,861.14 on Friday, ETH/USD slipped to a bottom of 1,721 earlier in today’s session.
The move saw ethereum plunge to its weakest point since late April, breaking out of a floor at 1,730.
As a result of this shift in market momentum, the RSI also tailed off, dropping to its lowest level since March.
The index is currently at a reading below 40.00, close to oversold territory, and could act as a slight positive for bulls.
If the price becomes more oversold, there is a good chance that longer-term bulls could move to buy the dip.
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), which dropped below the 1,800 level to start the weekend.
After climbing to a peak of 1,861.14 on Friday, ETH/USD slipped to a bottom of 1,721 earlier in today’s session.
The move saw ethereum plunge to its weakest point since late April, breaking out of a floor at 1,730.
As a result of this shift in market momentum, the RSI also tailed off, dropping to its lowest level since March.
The index is currently at a reading below 40.00, close to oversold territory, and could act as a slight positive for bulls.
If the price becomes more oversold, there is a good chance that longer-term bulls could move to buy the dip.
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
