Unique Update Of Ethereum

Hello, welcome to this ETH /USD 1DAY chart update by CRYPTOSANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Ethereum (ETH) was also lower on Friday, as the world’s second-largest cryptocurrency fell closer to the $1,200 mark.

ETH/USD hit a bottom of $1,210.35 earlier in the day, which comes after trading at a high of $1,291.32 on Thursday.

Today’s drop sees ethereum move lower for a third consecutive session, breaking out of a key resistance level of $1,230 in the process.

As of writing, ETH is nearly 5% lower than yesterday’s peak, with the RSI tracking at 43.50, which is near a key floor.

This point of support is at the 42.00 mark and hasn’t been reached since November 28, when ETH was below $1,200.

Should price strength continue to head toward this bottom, there is a strong possibility that ethereum will be trading under $1,200.

This is not a piece of financial advice.
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