Ethereum Intraday: the downside prevails as long as 3083 is resistance
May 8, 2024 02:36
Ethereum (ETH/USD)
-40.4-1.30%
the downside prevails as long as 3083 is resistance.
3083 is our pivot point.
Our preference: the downside prevails as long as 3083 is resistance.
Alternative scenario: the upside breakout of 3083, would call for 3157 and 3202.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3039 and 3063).
Supports and resistances:
3202 **
3157 *
3083 **
3054
3024 last
2935
2891 **
2847 *
2802 **
Our preference: the downside prevails as long as 3083 is resistance.
Alternative scenario: the upside breakout of 3083, would call for 3157 and 3202.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3039 and 3063).
Supports and resistances:
3202 **
3157 *
3083 **
3054
3024 last
2935
2891 **
2847 *
2802 **
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