Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also significantly higher to start the weekend, as prices rose back above $1,400.
Following a two-month low at $1,378.53 yesterday, ETH/USD moved to a peak at the $1,481.32 level on Saturday.
The move comes as ethereum bulls bought yesterday’s dip, as price strength moved deep into oversold territory.
Friday saw Ethereum’s RSI fall to 28.30, which was its weakest point since last June, however, the index has since rallied.
As of writing, it is now tracking at 32.26 and appears to be heading towards a long-term floor at 34.00.
Should it reach this point, there is a strong possibility that ethereum will be back above $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) was also significantly higher to start the weekend, as prices rose back above $1,400.
Following a two-month low at $1,378.53 yesterday, ETH/USD moved to a peak at the $1,481.32 level on Saturday.
The move comes as ethereum bulls bought yesterday’s dip, as price strength moved deep into oversold territory.
Friday saw Ethereum’s RSI fall to 28.30, which was its weakest point since last June, however, the index has since rallied.
As of writing, it is now tracking at 32.26 and appears to be heading towards a long-term floor at 34.00.
Should it reach this point, there is a strong possibility that ethereum will be back above $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
