Ethereum Intraday: the downside prevails as long as 4404 is resistance
Ethereum (ETH/USD)
-328.88-7.36%
the downside prevails as long as 4404 is resistance.
Our pivot point stands at 4404.
Our preference: the downside prevails as long as 4404 is resistance.
Alternative scenario: the upside breakout of 4404, would call for 4514 and 4580.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4323 and 4334).
Supports and resistances:
4580 **
4514 *
4404 **
4361
4311 last
4180
4115 **
4050 *
3984 **
Our preference: the downside prevails as long as 4404 is resistance.
Alternative scenario: the upside breakout of 4404, would call for 4514 and 4580.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4323 and 4334).
Supports and resistances:
4580 **
4514 *
4404 **
4361
4311 last
4180
4115 **
4050 *
3984 **
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