Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also edged lower, with price nearing a breakout below the 1,900 mark.
Two days after hitting a peak at 2,105, ETH/USD dropped to a low of 1,904.42 earlier in today’s session.
This decline has resulted in the world’s second-largest cryptocurrency now trading at its lowest level in eight days.
Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above 2,000 for the first time since last May.
The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46.
Should momentum continue to fall, bears will likely be targeting a point of support at 44.50.
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 edged lower, with price nearing a breakout below the 1,900 mark.
Two days after hitting a peak at 2,105, ETH/USD dropped to a low of 1,904.42 earlier in today’s session.
This decline has resulted in the world’s second-largest cryptocurrency now trading at its lowest level in eight days.
Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above 2,000 for the first time since last May.
The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46.
Should momentum continue to fall, bears will likely be targeting a point of support at 44.50.
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
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