Ethereum Intraday: the upside prevails as long as 2425 is support
Ethereum (ETH/USD)
+13.42+0.54%
the upside prevails as long as 2425 is support.
2425 is our pivot point.
Our preference: the upside prevails as long as 2425 is support.
Alternative scenario: the downside breakout of 2425 would call for 2347 and 2300.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2485 and 2486).
Supports and resistances:
2729 **
2682 *
2636 **
2589
2496 last
2455
2425 **
2347 *
2300 **
Our preference: the upside prevails as long as 2425 is support.
Alternative scenario: the downside breakout of 2425 would call for 2347 and 2300.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2485 and 2486).
Supports and resistances:
2729 **
2682 *
2636 **
2589
2496 last
2455
2425 **
2347 *
2300 **
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