Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) extended recent gains today, with prices breaking out of a key resistance point in the process.
Following a low of $1,628.67 on Tuesday, ETH/USD jumped to a peak of $1,688.53 during the hump-day session.
As a result of today’s gains, the world’s second-largest cryptocurrency climbed past a resistance level of $1,675.
Similar to bitcoin, this move pushed ETH to its highest point since Saturday, with the RSI also hitting a four-day peak.
At the time of writing, the index is at a reading of 62.97, which is slightly below a ceiling of 64.00.
ETH bulls will likely attempt to break this resistance in the coming days, which will inevitably mean prices move back above $1,700.
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) extended recent gains today, with prices breaking out of a key resistance point in the process.
Following a low of $1,628.67 on Tuesday, ETH/USD jumped to a peak of $1,688.53 during the hump-day session.
As a result of today’s gains, the world’s second-largest cryptocurrency climbed past a resistance level of $1,675.
Similar to bitcoin, this move pushed ETH to its highest point since Saturday, with the RSI also hitting a four-day peak.
At the time of writing, the index is at a reading of 62.97, which is slightly below a ceiling of 64.00.
ETH bulls will likely attempt to break this resistance in the coming days, which will inevitably mean prices move back above $1,700.
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
