#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS

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ETH/USDT UPDATE:-Ethereum (ETH) was also trading low to start the weekend, as a bullish sentiment from yesterday’s Consumer Sentiment data swiftly wore off.

Since hitting a peak of $1,368.74 during yesterday’s session, ETH/USD fell to a low of $1,320.38 earlier in the day.

As a result of this sell-off, the world’s second-largest cryptocurrency dropped below its support point of $1,330.

Currently, the token is trading at $1,325.36, with bulls attempting to climb above this current point of resistance.

Like with bitcoin, Ethereum's 14-day RSI is also consolidating and is hovering below a ceiling of 41.00 as of writing.

The 10-day (red) moving average seems to finally be positioned for a bounce, however, this will likely only occur once the ceiling on the RSI indicator is broken.

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