Hello, welcome to this ETHEREUM /USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum also hovered near its own support point in today's session as the overall market sentiment remained uncertain.
ETH/USD hit a low of 1,835.70 on Wednesday, which comes a few days after the price traded above 2,000.
Ethereum is now in the red for the fifth day in a row and is down nearly 10% during that period.
This recent run has sent the 25-day (blue) moving average (MA) down, with the trend line rapidly approaching its 10-day (red) counterpart.
Although the longer-term momentum is slowing, the fact that the 10-day EMA is below the 25-day line means that an upside crossover could lead to a bullish run.
If this happens, there is a good chance that the Bulls will aim to recapture the 2,000 points.
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