ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Ethereum (ETH) rose back above the $1,700 level to start the weekend, with bulls returning to the fold.

ETH/USD moved to a peak of $1,716.78 earlier in the day, which comes less than 24 hours after trading at a low of $1,656.28.

The world’s second-largest cryptocurrency climbed back above a price ceiling of $1,675 following the move.

At the time of writing, earlier gains have somewhat eased, resulting from the RSI colliding with a ceiling at 63.00.

Since this collision, price strength is now hovering at a reading of 60.44, with ethereum trading at $1,693.41.

If bulls fail to move beyond this hurdle, it is unlikely that ETH will re-capture the $1,700 this weekend.

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