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03/01 09:39

Ethereum (ETH) also stuttered in today’s session

In addition to bitcoin, ethereum (ETH) also stuttered in today’s session, with prices moving close to the $1,600 level.

Following a high of $1,662.58 to start the week, ETH/USD fell to a bottom of $1,615.39 earlier in the day.

This recent decline comes after a failed attempt to move past a long-term resistance level of $1,675.

Additionally, price strength has also hit a ceiling at the 53.00 mark, with the index tracking at 52.74.

Ultimately this consolidation, which is almost identical to bitcoin’s, comes as markets wait for this afternoon’s consumer confidence report, before deciding which direction to take.

However, should ETH bulls break the 53.00 ceiling on the RSI, there is a good chance that price could be heading to or above $1,700

#Crypto Breaking News

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