Ethereum Intraday: Look for 2,440
Ethereum (ETH/USD)
+24.12+0.97%
Even if a technical recovery cannot be ruled out, a drop towards 2,418 remains likely as long as 2,526 is resistance
Our pivot point is at 2,526.
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 2,418 remains likely as long as 2,526 is resistance
Alternative scenario: above 2,526, look for 2,563 and 2,585.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price is below its 20 period moving average (2,496) but above its 50 period moving average (2,478).
Supports and resistances:
2,585 **
2,563 *
2,526 **
2,487 last
2,440
2,418 **
2,397 *
Our preference: Even if a technical recovery cannot be ruled out, a drop towards 2,418 remains likely as long as 2,526 is resistance
Alternative scenario: above 2,526, look for 2,563 and 2,585.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price is below its 20 period moving average (2,496) but above its 50 period moving average (2,478).
Supports and resistances:
2,585 **
2,563 *
2,526 **
2,487 last
2,440
2,418 **
2,397 *
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