Ethereum Intraday: the upside prevails as long as 1603 is support
Ethereum (ETH/USD)
+7.26+0.45%
the upside prevails as long as 1603 is support.
Our pivot point is at 1603.
Our preference: the upside prevails as long as 1603 is support.
Alternative scenario: the downside breakout of 1603 would call for 1575 and 1558.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1620 and 1604).
Supports and resistances:
1698 *
1681 **
1664
1626 last
1603 **
1575 *
1558 **
Our preference: the upside prevails as long as 1603 is support.
Alternative scenario: the downside breakout of 1603 would call for 1575 and 1558.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1620 and 1604).
Supports and resistances:
1698 *
1681 **
1664
1626 last
1603 **
1575 *
1558 **
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