Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) consolidated recent gains during Monday’s session, as prices fell below $1,800.
Following a high of $1,843.84 on Sunday, ETH/USD dropped to a bottom at $1,744.86 to start the week.
This drop comes as ethereum bulls appeared to be securing recent gains, days after ETH rose to its highest point since last August.
Overall, some are attributing the decline to the RSI, which fell below a long-term ceiling at the 66.00 mark.
At the time of writing, the index is tracking at 63.74, with a floor at 62.00 a possible target for bears.
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) consolidated recent gains during Monday’s session, as prices fell below $1,800.
Following a high of $1,843.84 on Sunday, ETH/USD dropped to a bottom at $1,744.86 to start the week.
This drop comes as ethereum bulls appeared to be securing recent gains, days after ETH rose to its highest point since last August.
Overall, some are attributing the decline to the RSI, which fell below a long-term ceiling at the 66.00 mark.
At the time of writing, the index is tracking at 63.74, with a floor at 62.00 a possible target for bears.
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
