Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was once again trading below $1,800, as prices failed to break out from a recent key resistance point.
Following a high of $1,827.28 on Thursday, ETH/USD fell to an intraday low of $1,766.25 in today’s session.
Friday’s sell-off transpired as ETH bulls were unable to move beyond a long-term ceiling at $1,830.
The world’s second-largest cryptocurrency is now trading at $1,795.69, which seemingly suggests that some bullish sentiment still remains in the market.
This seems to be a result of price strength failing to drop below a floor at 52.00, and it has since moved to a reading at 57.35.
Should the RSI surge past the 58.00 mark, which is the next visible point of resistance, then ETH will likely be back above $1,800.
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