Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also remained in the red in today’s session, registering a third consecutive drop in price.
ETH/USD moved to a low of $1,530.43 earlier in the day, which comes less than 24 hours after hitting a high of $1,563.41.
Similar to bitcoin, this drop resulted in the world’s second-largest cryptocurrency slipping to its weakest level since mid-February.
Overall, ethereum is down nearly 7% in the past seven days, and this comes as the 10-day (red) moving average extended a crossover of its 25-day (blue) counterpart.
the RSI is also tracking at a multi-month low at 40.57, which was last hit on December 19.
Should this trend continue, there is a strong possibility that ETH could fall to a floor of $1,500.
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