ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Ethereum (ETH) also moved lower on Monday, however, prices were able to remain above the $1,600 level despite the decline.

Following a high of $1,665.26 on Sunday, ETH/USD dropped by as much as 2% in today’s session, hitting a low of $1,616.30 in the process.

As a result of this sell-off, ethereum moved closer to its recent support level of $1,600. However, bulls have so far rejected a collision.

This has been helped by the RSI, which has found its own floor at 58.00, providing a soft landing for previous bulls.

ETH has since rebounded from earlier losses, and at the time of writing, is trading at $1,630.55.

Should this RSI floor of 68.00 hold, ethereum bulls may attempt to make another move toward $1,700 as the week progresses.

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