Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum Since rejecting a move below $1,600 on Monday, ethereum (ETH) has continued to find stability, with prices edging higher today.
ETH/USD moved to a peak of $1,653.72 to start the day, which comes less than 24 hours after falling to a bottom at $1,611.32.
As a result of this surge, the world’s second-largest cryptocurrency looks to be heading toward a ceiling of $1,670.
One of the reasons behind this jump has also been the RSI, which failed to move below a floor at 58.00, and is now at a reading of 60.16.
In addition to this, the 10-day (red) moving average continues to be upward-facing, which traders see as a bullish signal.
If this momentum persists, there is a strong possibility that ethereum could be trading close to $1,700 in the upcoming days.
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