ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) continued to trade above $1,800 on Thursday, however sentiment shifted after it failed to sustain a breakout at a key point.
ETH/USD rose to a high of $1,827.28 on Thursday, which comes less than 24 hours after the price was at a low of $1,776.64.
Although marginally moving above its aforementioned ceiling at $1,825, ethereum bulls were unable to maintain upward momentum.
As of writing, ETH is trading at $1,800.78, which coincides with the RSI hovering around its recent resistance level at 58.00.
The index is currently tracking at 58.25, with a move below the 58.00 level almost certainly triggering further declines.
Momentum also appears to be slowing, with the 10-day (red) moving average nearing a downward crossover.
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