hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) tracked close to a support point of 1,630 for a fourth straight session, as traders continued to fight to secure market momentum.
Following a low of 1,611.15 on Wednesday, ETH/USD spiked to a peak of 1,656.93 earlier in the day.
Price has since slipped, with the world’s second-largest cryptocurrency now trading around the 1,626.20 level.
The decline came as the 14-day relative strength index (RSI) hovered near a floor of its own at 36.00.
the index is now tracking at 36.30, with a move lower likely to trigger an increase in bearish pressure.
A move below 1,600 remains a real possibility for the coming days.
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