Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also significantly fell in today’s session, dropping below the $1,600 mark.
Following a high of $1,652.43 on Thursday, ETH/USD moved to a bottom at $1,553.85 earlier in the day.
Today’s drop has pushed the world’s second-largest cryptocurrency to its weakest level since February 15.
As projected earlier in the week, a move towards $1,550 was already on the cards, as the 10-day (red) moving average neared a downward cross with the 25-day (blue) moving average.
The RSI has also contributed to the sell-off, with the index falling below a recent support point of 49.00.
Currently, the price strength on ETH is at 44.51, which is marginally above the next support at 44.00.
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 significantly fell in today’s session, dropping below the $1,600 mark.
Following a high of $1,652.43 on Thursday, ETH/USD moved to a bottom at $1,553.85 earlier in the day.
Today’s drop has pushed the world’s second-largest cryptocurrency to its weakest level since February 15.
As projected earlier in the week, a move towards $1,550 was already on the cards, as the 10-day (red) moving average neared a downward cross with the 25-day (blue) moving average.
The RSI has also contributed to the sell-off, with the index falling below a recent support point of 49.00.
Currently, the price strength on ETH is at 44.51, which is marginally above the next support at 44.00.
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
