Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also saw a slight resurgence snapped, with market sentiment shifting in a bearish direction.
ETH/USD has bottomed at $1,615.06 so far on Thursday, which comes less than 24 hours after reaching a high of $1,678.09.
Yesterday’s move saw the world’s second-largest cryptocurrency break out of a ceiling at $1,675, however, it was unable to sustain this momentum.
Looking at the chart, bears seem to be targeting a floor at $1,600 for ETH, however, all advances to this point have so far been rejected.
This comes as the RSI appears to have found a relatively stable floor at the 57.00 mark, which has given confidence to nervous bulls.
At the time of writing, ethereum has rebounded from earlier lows and is currently trading at $1,626.90.
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 saw a slight resurgence snapped, with market sentiment shifting in a bearish direction.
ETH/USD has bottomed at $1,615.06 so far on Thursday, which comes less than 24 hours after reaching a high of $1,678.09.
Yesterday’s move saw the world’s second-largest cryptocurrency break out of a ceiling at $1,675, however, it was unable to sustain this momentum.
Looking at the chart, bears seem to be targeting a floor at $1,600 for ETH, however, all advances to this point have so far been rejected.
This comes as the RSI appears to have found a relatively stable floor at the 57.00 mark, which has given confidence to nervous bulls.
At the time of writing, ethereum has rebounded from earlier lows and is currently trading at $1,626.90.
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
