ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!

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

CHART ANALYSIS:-Ethereum (ETH) rose marginally higher on Saturday, remaining close to a resistance level of $1,700 in the process.

ETH/USD hit a high of $1,670.70 to start the weekend, as the world’s second-largest cryptocurrency bounced away from Friday’s low at $1,634.49.

Following a surge to $1,714 on Thursday, which was the strongest point for ETH since September, prices have moved into consolidation.

Looking at the chart, Saturday’s climb has pushed the RSI closer to a resistance of its own at 68.00, with the index currently tracking at 64.35.

ETH will likely reach the $1,700 mark should price strength recapture this ceiling.

The 10-day (red) moving average appears to be upwards facing, which could be a positive sign for bulls anticipating upcoming surges.

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