Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) was also in the red, as prices plunged for a second consecutive session.
ETH/USD dropped to a bottom at 1,829.41 earlier in the day, less than 24 hours after trading at a peak of 1,938.42.
Similar to BTC, today’s slippage sent ethereum below its own point of support at the 1,830 level.
ETH has since rebounded from this floor, as bulls opted to buy the dip, rather than continuing to flee positions.
This was helped by the fact that the RSI here also collided with a support zone at 45.00, and it continues to track beyond this point.
Bulls will likely be targeting re-entry above 1,900 in the upcoming days.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:-Ethereum (ETH) was also in the red, as prices plunged for a second consecutive session.
ETH/USD dropped to a bottom at 1,829.41 earlier in the day, less than 24 hours after trading at a peak of 1,938.42.
Similar to BTC, today’s slippage sent ethereum below its own point of support at the 1,830 level.
ETH has since rebounded from this floor, as bulls opted to buy the dip, rather than continuing to flee positions.
This was helped by the fact that the RSI here also collided with a support zone at 45.00, and it continues to track beyond this point.
Bulls will likely be targeting re-entry above 1,900 in the upcoming days.
Hit the like button if you like it and share your charts in the comments section.
Thank you
