Ethereum Intraday: target 1678

Ethereum (ETH/USD)
-7.60-0.44%
target 1678.
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Our pivot point stands at 1758.

Our preference: target 1678.

Alternative scenario: above 1758, look for 1788 and 1806.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1735) but above its 50 period moving average (1729).

Supports and resistances:
1806 **
1788 *
1758 **
1731 last
1695
1678 **
1660 *

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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