This latest high saw/USD rise to $1,774.58, which comes less than 24-hours after the token was trading at $1,604.89.
This was the highest price for ethereum since June 10, when prices were trading at a high above $1,800.However, like bitcoin, earlier bullish momentum has given way as today’s session has progressed, with the token now trading at $1,604.89 Which comes as the 14-day relative strength index failed to break out of a ceiling at the 66 level, and subsequently has now fallen to a reading of 63.72.
If bulls are to reach their target of $1,800 this upcoming weekend, price strength will need to surge beyond this hurdle.Tags in this story
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