Ethereum Intraday: technical rebound towards 4383 before a new drop
Ethereum (ETH/USD)
-50.30-1.21%
technical rebound towards 4383 before a new drop.
Our pivot point is at 4383.
Our preference: technical rebound towards 4383 before a new drop.
Alternative scenario: above 4383, look for 4478 and 4535.
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 its 20 period moving average (4260) but under its 50 period moving average (4304).
Supports and resistances:
4535 **
4478 *
4383 **
4346
4303 last
4175
4119 **
4062 *
4006 **
Our preference: technical rebound towards 4383 before a new drop.
Alternative scenario: above 4383, look for 4478 and 4535.
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 its 20 period moving average (4260) but under its 50 period moving average (4304).
Supports and resistances:
4535 **
4478 *
4383 **
4346
4303 last
4175
4119 **
4062 *
4006 **
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