Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) fell from Thursday’s high, with the cryptocurrency also impacted by today’s increased volatility.
Following a high of $1,666.13 during yesterday’s session, ETH/USD slipped to a low of $1,632.57 on Friday.
The drop saw ethereum move further away from its long-term ceiling at $1,675, and closer to a floor of $1,630.
Since hitting this earlier high, prices have gone on to rebound, with ethereum now trading at $1,648.37.
This comes as price strength seems to have found a floor at 54.00, and is currently hovering above this point.
At the time of writing, the index is tracking at 54.35, with the 10-day (red) moving average upward facing, which could be a sign of an upcoming rally.
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