Ethereum Intraday: below its lower Bollinger band
Ethereum (ETH/USD)
-48.88-2.28%
the downside prevails as long as 2146 is resistance.
Our pivot point stands at 2146.
Our preference: the downside prevails as long as 2146 is resistance.
Alternative scenario: above 2146, look for 2209 and 2246.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2141 and 2137). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2099).
Supports and resistances:
2246 **
2209 *
2146 **
2096 last
2015
1978 **
1941 *
Our preference: the downside prevails as long as 2146 is resistance.
Alternative scenario: above 2146, look for 2209 and 2246.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2141 and 2137). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2099).
Supports and resistances:
2246 **
2209 *
2146 **
2096 last
2015
1978 **
1941 *
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