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On Saturday, Ethereum (ETH) decreased by 0.36%. ETH lost 3.34% on Friday and finished the day at $1,932. For the first time in three sessions, ETH fell short of $2,000 during the negative session.

Bitcoin Price Movement

ETH was down 0.37% to $1,925 this morning. ETH rose to an early high of $1,938 before dropping to a low of $1,917 during the day's range-bound opening.

Daily Chart

On the daily chart, the price of Ethereum was below the $2,075–$2,105 barrier range.

However, the 50-day ($1,868) and 200-day ($1,767) EMAs are currently above the ETH/USD price, indicating positive momentum in the short- and long-term.

Notably, bullish momentum was mirrored by the 50-day EMA's wider distance from the 200-day EMA.

The 14-Daily RSI reading of 54.62 indicated a positive outlook and was in line with the 50-day and 200-day EMAs. Significantly, the RSI encourages a run at the resistance zone between $2,075 and $2,105.

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