Ethereum Intraday: the downside prevails as long as 2988 is resistance
Ethereum (ETH/USD)
+10.56+0.36%
the downside prevails as long as 2988 is resistance.
Our pivot point stands at 2988.
Our preference: the downside prevails as long as 2988 is resistance.
Alternative scenario: the upside breakout of 2988, would call for 3056 and 3096.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2940 and 2938).
Supports and resistances:
3096 **
3056 *
2988 **
2961
2929 last
2847
2806 **
2766 *
2726 **
Our preference: the downside prevails as long as 2988 is resistance.
Alternative scenario: the upside breakout of 2988, would call for 3056 and 3096.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2940 and 2938).
Supports and resistances:
3096 **
3056 *
2988 **
2961
2929 last
2847
2806 **
2766 *
2726 **
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