Ethereum Intraday: above its upper Bollinger band

Ethereum (ETH/USD)
+34.01+1.71%
our next up target stands at 2113.
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Our pivot point is at 1951.

Our preference: our next up target stands at 2113.

Alternative scenario: the downside breakout of 1951 would call for 1890 and 1853.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 1989 and 2000). Finally, the Ether / Dollar has crossed above its upper Bollinger band (1999).

Supports and resistances:
2149 *
2113 **
2076
2000 last
1951 **
1890 *
1853 **

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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