Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) rebounded from Friday’s drop, making a run back towards the 1,800 level to start the weekend. ETH/USD peaked at 1,796.57 on Saturday, after the price fell to a low of 1,751.44 less than 24 hours ago. This climb means the world’s second-largest cryptocurrency has traded higher for nine of the last ten sessions. this latest rally comes as the 10-day (red) moving average continues its uptrend versus its 25-day (blue) counterpart. the RSI found a floor at 68.00, using it as a springboard to a current reading of 69.94. Bulls will likely make further runs towards 1,800, despite overall price strength being overbought.
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