Ethereum Intraday: as long as 3956 is support look for 4220
Ethereum (ETH/USD)
-10.04-0.25%
as long as 3956 is support look for 4220.
3956 is our pivot point.
Our preference: as long as 3956 is support look for 4220.
Alternative scenario: the downside breakout of 3956 would call for 3857 and 3798.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (4048) but above its 50 period moving average (4010).
Supports and resistances:
4338 **
4279 *
4220 **
4161
4033 last
3994
3956 **
3857 *
3798 **
Our preference: as long as 3956 is support look for 4220.
Alternative scenario: the downside breakout of 3956 would call for 3857 and 3798.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (4048) but above its 50 period moving average (4010).
Supports and resistances:
4338 **
4279 *
4220 **
4161
4033 last
3994
3956 **
3857 *
3798 **
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