Ethereum Intraday: as long as 1757 is support look for 1846

Ethereum (ETH/USD)
+5.36+0.30%
as long as 1757 is support look for 1846.
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Our pivot point is at 1757.

Our preference: as long as 1757 is support look for 1846.

Alternative scenario: below 1757, expect 1724 and 1704.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (1792) but above its 50 period moving average (1774).

Supports and resistances:
1866 *
1846 **
1826
1787 last
1757 **
1724 *
1704 **

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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