Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- ethereum (ETH), which dropped below the 1,800 level to start the weekend.
After climbing to a peak of 1,861.14 on Friday, ETH/USD slipped to a bottom of 1,721 earlier in today’s session.
The move saw ethereum plunge to its weakest point since late April, breaking out of a floor at 1,730.
As a result of this shift in market momentum, the RSI also tailed off, dropping to its lowest level since March.
The index is currently at a reading below 40.00, close to oversold territory, and could act as a slight positive for bulls.
If the price becomes more oversold, there is a good chance that longer-term bulls could move to buy the dip.
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