Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also remained in the red in today’s session, registering a third consecutive drop in price.
ETH/USD moved to a low of $1,530.43 earlier in the day, which comes less than 24 hours after hitting a high of $1,563.41.
Similar to bitcoin, this drop resulted in the world’s second-largest cryptocurrency slipping to its weakest level since mid-February.
Overall, ethereum is down nearly 7% in the past seven days, and this comes as the 10-day (red) moving average extended a crossover of its 25-day (blue) counterpart.
the RSI is also tracking at a multi-month low at 40.57, which was last hit on December 19.
Should this trend continue, there is a strong possibility that ETH could fall to a floor of $1,500.
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 remained in the red in today’s session, registering a third consecutive drop in price.
ETH/USD moved to a low of $1,530.43 earlier in the day, which comes less than 24 hours after hitting a high of $1,563.41.
Similar to bitcoin, this drop resulted in the world’s second-largest cryptocurrency slipping to its weakest level since mid-February.
Overall, ethereum is down nearly 7% in the past seven days, and this comes as the 10-day (red) moving average extended a crossover of its 25-day (blue) counterpart.
the RSI is also tracking at a multi-month low at 40.57, which was last hit on December 19.
Should this trend continue, there is a strong possibility that ETH could fall to a floor of $1,500.
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
