Ethereum Intraday: the downside prevails as long as 2995 is resistance
Ethereum (ETH/USD)
-79.90-2.70%
the downside prevails as long as 2995 is resistance.
Our pivot point is at 2995.
Our preference: the downside prevails as long as 2995 is resistance.
Alternative scenario: the upside breakout of 2995, would call for 3048 and 3080.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2955 and 2954).
Supports and resistances:
3080 **
3048 *
2995 **
2973
2952 last
2885
2853 **
2821 *
2789 **
Our preference: the downside prevails as long as 2995 is resistance.
Alternative scenario: the upside breakout of 2995, would call for 3048 and 3080.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2955 and 2954).
Supports and resistances:
3080 **
3048 *
2995 **
2973
2952 last
2885
2853 **
2821 *
2789 **
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