hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) rose marginally after the Paypal news, with the price moving away from a recent support point. Following a low of 1,804.72 to start the week, ETH/USD jumped to an intraday high of 1,836.06 on Tuesday. Despite the slight rise in price, ethereum continues to trade below a recent resistance level of 1,850. A positive for bulls, however, comes as the 14-day relative strength index (RSI) broke out of its ceiling at the 43.00 mark. Currently, the index is tracking at a reading of 43.88, with the next resistance zone near the 50.00 point. In the event this target is reached, ETH will likely be back above 1,900.
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