Ethereum Intraday: target 2816
Ethereum (ETH/USD)
-9.91-0.34%
target 2816.
Our pivot point stands at 2992.
Our preference: target 2816.
Alternative scenario: the upside breakout of 2992, would call for 3060 and 3101.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2941) but above its 50 period moving average (2936).
Supports and resistances:
3101 **
3060 *
2992 **
2965
2938 last
2856
2816 **
2775 *
2735 **
Our preference: target 2816.
Alternative scenario: the upside breakout of 2992, would call for 3060 and 3101.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2941) but above its 50 period moving average (2936).
Supports and resistances:
3101 **
3060 *
2992 **
2965
2938 last
2856
2816 **
2775 *
2735 **
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