Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH) was also in the red on Friday, as bears continued to control market sentiment.
ETH/USD slipped to a low at 1,742.40 on Thursday, following an earlier peak of 1,835.62 the day prior.
today’s drop in price saw the world’s second-largest cryptocurrency hit its lowest point since March.
A major catalyst to the move was also a breakout on the RSI, which fell out of a support point at the 44.00 zone.
Currently, the index is at a reading of 39.04, which is its weakest level since March 11, when ETH traded below 1,500.
Ultimately, this could be a long-term positive for bulls, who may move to buy the current dip in price.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- ethereum (ETH) was also in the red on Friday, as bears continued to control market sentiment.
ETH/USD slipped to a low at 1,742.40 on Thursday, following an earlier peak of 1,835.62 the day prior.
today’s drop in price saw the world’s second-largest cryptocurrency hit its lowest point since March.
A major catalyst to the move was also a breakout on the RSI, which fell out of a support point at the 44.00 zone.
Currently, the index is at a reading of 39.04, which is its weakest level since March 11, when ETH traded below 1,500.
Ultimately, this could be a long-term positive for bulls, who may move to buy the current dip in price.
Hit the like button if you like it and share your charts in the comments section.
Thank you
