Ethereum Intraday: the downside prevails as long as 2546 is resistance
Ethereum (ETH/USD)
+39.38+1.57%
the downside prevails as long as 2546 is resistance.
Our pivot point is at 2546.
Our preference: the downside prevails as long as 2546 is resistance.
Alternative scenario: above 2546, look for 2624 and 2671.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2530 and 2512).
Supports and resistances:
2671 **
2624 *
2546 **
2516
2485 last
2392
2346 **
2299 *
2253 **
Our preference: the downside prevails as long as 2546 is resistance.
Alternative scenario: above 2546, look for 2624 and 2671.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2530 and 2512).
Supports and resistances:
2671 **
2624 *
2546 **
2516
2485 last
2392
2346 **
2299 *
2253 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
