Ethereum Intraday: the upside prevails as long as 3632 is support
Ethereum (ETH/USD)
-0.78-0.02%
the upside prevails as long as 3632 is support.
Our pivot point stands at 3632.
Our preference: the upside prevails as long as 3632 is support.
Alternative scenario: below 3632, expect 3551 and 3503.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3639 and 3609).
Supports and resistances:
3959 **
3911 *
3862 **
3813
3713 last
3664
3632 **
3551 *
3503 **
Our preference: the upside prevails as long as 3632 is support.
Alternative scenario: below 3632, expect 3551 and 3503.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3639 and 3609).
Supports and resistances:
3959 **
3911 *
3862 **
3813
3713 last
3664
3632 **
3551 *
3503 **
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