Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also made significant gains in the last 24 hours, as traders pushed prices close to the $1,700 mark.
Following a low of $1,566.86 on Wednesday, ETH/USD raced to a peak of $1,689.07 earlier in today’s session.
This rally in price saw ethereum move to its highest mark since September 12, when ETH reached a top at $1,761.
Looking at the chart, today’s five-month high came as ETH broke out of its long-term price ceiling at $1,670.
Although one point of resistance has been broken, ethereum bulls are fast approaching another, with the relative strength index (RSI) nearing a ceiling at 68.00.
Currently, the index is tracking at 65.19, with earlier bulls likely to consider taking profits before a full collision occurs.
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