Ethereum Intraday: the downside prevails as long as 3858 is resistance

May 24, 2024 00:30
Ethereum (ETH/USD)
+7.64+0.22%
the downside prevails as long as 3858 is resistance.
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Our pivot point stands at 3858.

Our preference: the downside prevails as long as 3858 is resistance.

Alternative scenario: above 3858, look for 3954 and 4012.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3784 and 3794).

Supports and resistances:
4012 **
3954 *
3858 **
3820
3775 last
3659
3602 **
3545 *
3487 **

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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