ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Ethereum (ETH) remained mostly volatile during Monday’s session, as prices remained largely unchanged.

ETH/USD fell to a bottom at the $1,557.36 mark to start the week, a day after trading at a peak of $1,574.23.

This drop sees ethereum trade in the red for a fifth consecutive session, with its market cap down 5% within that period.

The 10-day (red) moving average has also moved below its 25-day (blue) counterpart, with support at $1,560 preventing further falls.

Additionally, the RSI has collided with a floor at 44.00, and as of writing, the index is slightly above this mark, with a reading of 44.28.

Should this area eventually give way, there is a good chance that ETH could fall below $1,500 this week.

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