ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Ethereum (ETH) also shifted on Wednesday, with prices falling below a recent support point at $1,600.

ETH/USD slipped to a bottom of $1,530.80 on Wednesday, following a peak of $1,630.47 during Tuesday’s session.

Since breaking out of its $1,600 floor, ethereum appears to be heading towards a lower level of support at $1,500.

today’s red wave comes as bears have finally opted to reenter the market, as a result of prices being overbought.

Ethereum’s 14-day RSI is currently sitting at 61.07, which is its lowest point since January 8, and this comes a day after breaking out of a floor at 74.00.

There appears to be an upcoming support area at 58.00, and if this remains firm, ETH could manage to stay above $1,500.

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

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