- Ethereum was hovering close to $1,600 during Wednesday’s session, as market volatility eased today.
- This comes as the 14-day relative strength index (RSI) broke out of a resistance point of 37.90, and is now tracking at 38.60.
- As of writing, ethereum is now tracking at $1,588.46.
Bitcoin, Ethereum Technical Analysis: ETH Hovers Near $1,600, as Crypto Markets Consolidate
