Hello friends, welcome to this Ethereum update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) continued to trade above the 1,700 level on Monday, as the cryptocurrency hovered near a multi-week high of its own.
ETH/USD hit an intraday high of 1,750.60 to start the week, less than 24 hours after trading at a low of 1,670.08.
this rally has seen ethereum trade at its highest level since mid-August, after breaking out of a resistance point at 1,730.
A closer look at the chart will also show that an upward crossover between the 10-day (red) and 25-day (blue) moving averages has occurred.
This typically is a bullish signal, however, with Ethereum’s RSI also close to being overbought, traders might be tentative before opting to amplify pressure.
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