Ethereum Intraday: the upside prevails as long as 1619 is support
Ethereum (ETH/USD)
+84.52+5.23%
the upside prevails as long as 1619 is support.
Our pivot point is at 1619.
Our preference: the upside prevails as long as 1619 is support.
Alternative scenario: the downside breakout of 1619 would call for 1591 and 1574.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1626 and 1613).
Supports and resistances:
1716 *
1699 **
1681
1644 last
1619 **
1591 *
1574 **
Our preference: the upside prevails as long as 1619 is support.
Alternative scenario: the downside breakout of 1619 would call for 1591 and 1574.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1626 and 1613).
Supports and resistances:
1716 *
1699 **
1681
1644 last
1619 **
1591 *
1574 **
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