ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Ethereum (ETH) was also in the red in today’s session, with prices falling further below $1,600.

Following a high of $1,595.86 to start the week, ETH/USD slipped to an intraday bottom of $1,546.66 on Tuesday.

Since hitting a then four-month high of $1,680 on January 21, the world’s second-largest cryptocurrency has mostly consolidated.

Many in the market somewhat saw this coming, due to prices being significantly overbought, with the RSI hovering between 70.00 and 87.00.

Price strength has since weighed heavily, and at the time of writing, the index is currently tracking at 57.02.

ETH has already rebounded from earlier lows and is currently trading at $1,571.37, with bulls sure to make another run toward the $1,600 zone.

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