Ethereum Intraday: as long as 1944 is support look for 2085

Ethereum (ETH/USD)
-5.02-0.25%
as long as 1944 is support look for 2085.
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Our pivot point stands at 1944.

Our preference: as long as 1944 is support look for 2085.

Alternative scenario: the downside breakout of 1944 would call for 1890 and 1858.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1984 and 1973).

Supports and resistances:
2150 **
2118 *
2085 **
2053
1987 last
1965
1944 **
1890 *
1858 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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