Ethereum Intraday: under pressure below 1695
Ethereum (ETH/USD)
+0.23+0.01%
under pressure below 1695.
Our pivot point stands at 1695.
Our preference: under pressure below 1695.
Alternative scenario: the upside breakout of 1695, would call for 1720 and 1734.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1680 and 1677).
Supports and resistances:
1734 **
1720 *
1695 **
1676 last
1645
1630 **
1616 *
Our preference: under pressure below 1695.
Alternative scenario: the upside breakout of 1695, would call for 1720 and 1734.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1680 and 1677).
Supports and resistances:
1734 **
1720 *
1695 **
1676 last
1645
1630 **
1616 *
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