Ethereum Intraday: the downside prevails as long as 2778 is resistance
Ethereum (ETH/USD)
-67.52-2.40%
the downside prevails as long as 2778 is resistance.
2778 is our pivot point.
Our preference: the downside prevails as long as 2778 is resistance.
Alternative scenario: the upside breakout of 2778, would call for 2832 and 2864.
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 stands below its 20 and 50 period moving average (respectively at 2787 and 2867).
Supports and resistances:
2864 **
2832 *
2778 **
2757
2736 last
2667
2635 **
2603 *
2571 **
Our preference: the downside prevails as long as 2778 is resistance.
Alternative scenario: the upside breakout of 2778, would call for 2832 and 2864.
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 stands below its 20 and 50 period moving average (respectively at 2787 and 2867).
Supports and resistances:
2864 **
2832 *
2778 **
2757
2736 last
2667
2635 **
2603 *
2571 **
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