Ethereum Intraday: the upside prevails as long as 2480 is support
Ethereum (ETH/USD)
+39.94+1.59%
the upside prevails as long as 2480 is support.
Our pivot point stands at 2480.
Our preference: the upside prevails as long as 2480 is support.
Alternative scenario: the downside breakout of 2480 would call for 2400 and 2353.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2518 and 2516).
Supports and resistances:
2784 **
2737 *
2689 **
2642
2544 last
2511
2480 **
2400 *
2353 **
Our preference: the upside prevails as long as 2480 is support.
Alternative scenario: the downside breakout of 2480 would call for 2400 and 2353.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2518 and 2516).
Supports and resistances:
2784 **
2737 *
2689 **
2642
2544 last
2511
2480 **
2400 *
2353 **
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