ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Ethereum (ETH) was also in the green in today’s session, as prices broke out of a recent point of resistance.

ETH/USD hit a high of $1,562.03 earlier in the day, which comes less than 24 hours after trading at a bottom of $1,501.80.

As a result of this move, ethereum briefly broke out of a price ceiling at $1,550, after bouncing off a floor of $1,505.

Earlier gains have somewhat eased, with ETH now trading at $1,557.25, which is marginally higher than the aforementioned ceiling.

At the time of writing, the RSI is hovering at 49.86, which is below a ceiling of its own at 50.00.

In order for ethereum bulls to head back toward the $1,600 mark, this ceiling will first need to be broken.

I have tried to bring the best possible outcome to this chart.

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Chart PatternscryptosandersETHethanaliysisethlongethshortETHUSDTTechnical IndicatorssandersTrend Analysis

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