Ethereum Intraday: the upside prevails as long as 2937 is support
Ethereum (ETH/USD)
+21.40+0.72%
the upside prevails as long as 2937 is support.
Our pivot point is at 2937.
Our preference: the upside prevails as long as 2937 is support.
Alternative scenario: the downside breakout of 2937 would call for 2869 and 2828.
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 2981 and 2980).
Supports and resistances:
3196 **
3156 *
3115 **
3075
2991 last
2964
2937 **
2869 *
2828 **
Our preference: the upside prevails as long as 2937 is support.
Alternative scenario: the downside breakout of 2937 would call for 2869 and 2828.
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 2981 and 2980).
Supports and resistances:
3196 **
3156 *
3115 **
3075
2991 last
2964
2937 **
2869 *
2828 **
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