Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:-Ethereum (ETH) returned to the green in today’s session, following a spell of four consecutive days trading lower. After hitting a one-week low of 1,608 on Thursday, ETH/USD rose to a peak of 1,649.13 earlier in the day. This came as bulls opted to reenter the market following a breakout below a support point at the 1,620 level. Earlier gains have somewhat faded, as ETH approached a ceiling near the 50.00 level on the RSI indicator. Currently, price strength is tracking at 48.93, with ethereum trading at 1,634, and bulls maintaining a target of 1,700 in the short term.
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