Ethereum Intraday: rise to 1811

Ethereum (ETH/USD)
+1.50+0.09%
rise to 1811.
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1717 is our pivot point.

Our preference: rise to 1811.

Alternative scenario: the downside breakout of 1717 would call for 1685 and 1666.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under its 20 period moving average (1743) but above its 50 period moving average (1739).

Supports and resistances:
1830 *
1811 **
1792
1743 last
1717 **
1685 *
1666 **

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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