Hello friends, welcome to this ETH update from Crypto Sanders.
Chart Analysis:- Ethereum (ETH) on the other hand, fell for a third straight session, as the cryptocurrency collided with a long-term floor.
After hitting a high at 1,580.26 on Wednesday, ETH/USD plunged to an intraday low of 1,543.59 earlier today.
The move saw the world’s second-largest cryptocurrency close in on a support point at the $1,540 mark.
This comes as the 10-day (red) moving average continued to trend lower and extend its downward cross with the 25-day (blue) trend line.
The last time bears forced a breakout below the aforementioned floor, ethereum went on to fall to a seven-month low.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- Ethereum (ETH) on the other hand, fell for a third straight session, as the cryptocurrency collided with a long-term floor.
After hitting a high at 1,580.26 on Wednesday, ETH/USD plunged to an intraday low of 1,543.59 earlier today.
The move saw the world’s second-largest cryptocurrency close in on a support point at the $1,540 mark.
This comes as the 10-day (red) moving average continued to trend lower and extend its downward cross with the 25-day (blue) trend line.
The last time bears forced a breakout below the aforementioned floor, ethereum went on to fall to a seven-month low.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
