Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the red in today’s session, as it fell below the $1,600 level.
Following a high of $1,643.64 on Thursday, ETH/USD slipped to a bottom at $1,536.59 earlier in the day.
Like with BTC, this move pushed the world’s second-largest cryptocurrency to its lowest point since late January.
Overall, ETH has now fallen for a third consecutive day, with the latest drop resulting in prices breaking out of a floor at $1,600.
Traders now seem to be targeting a lower point of support at $1,515, which has not occurred so far, thanks to some resistance in price strength.
The RSI has collided with a floor at 46.75, which is its lowest point since January 3 and has helped calm earlier declines.
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) was also in the red in today’s session, as it fell below the $1,600 level.
Following a high of $1,643.64 on Thursday, ETH/USD slipped to a bottom at $1,536.59 earlier in the day.
Like with BTC, this move pushed the world’s second-largest cryptocurrency to its lowest point since late January.
Overall, ETH has now fallen for a third consecutive day, with the latest drop resulting in prices breaking out of a floor at $1,600.
Traders now seem to be targeting a lower point of support at $1,515, which has not occurred so far, thanks to some resistance in price strength.
The RSI has collided with a floor at 46.75, which is its lowest point since January 3 and has helped calm earlier declines.
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
