Ethereum Intraday: the upside prevails as long as 2917 is support
Ethereum (ETH/USD)
+26.74+0.91%
the upside prevails as long as 2917 is support.
Our pivot point stands at 2917.
Our preference: the upside prevails as long as 2917 is support.
Alternative scenario: the downside breakout of 2917 would call for 2848 and 2807.
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 2939 and 2937).
Supports and resistances:
3178 **
3137 *
3096 **
3055
2972 last
2944
2917 **
2848 *
2807 **
Our preference: the upside prevails as long as 2917 is support.
Alternative scenario: the downside breakout of 2917 would call for 2848 and 2807.
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 2939 and 2937).
Supports and resistances:
3178 **
3137 *
3096 **
3055
2972 last
2944
2917 **
2848 *
2807 **
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