Ethereum Intraday: rebound
Ethereum (ETH/USD)
+16.31+0.65%
rebound.
Our pivot point stands at 2422.
Our preference: rebound.
Alternative scenario: the downside breakout of 2422 would call for 2344 and 2297.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (2488) but below its 50 period moving average (2516).
Supports and resistances:
2729 **
2682 *
2635 **
2589
2495 last
2452
2422 **
2344 *
2297 **
Our preference: rebound.
Alternative scenario: the downside breakout of 2422 would call for 2344 and 2297.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (2488) but below its 50 period moving average (2516).
Supports and resistances:
2729 **
2682 *
2635 **
2589
2495 last
2452
2422 **
2344 *
2297 **
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