ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Ethereum (ETH) also moved lower in today’s session, as bears pushed prices below the $1,700 level.

ETH/USD plunged to an intraday low of $1,671.98 on Tuesday, less than 24 hours after trading at a peak of $1,714.29.

Today’s drop sees ethereum move below its long-term support point at the $1,675 mark, which has been mainly stable for the past week.

the decline in prices comes as the 14-day RSI retreated from a recent ceiling at 61.00.

As of writing, the index is now tracking at a reading of 57.28 and appears to be rapidly nearing a floor of 57.00.

Should bears hit this bottom, ETH will likely be trading below $1,650.

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