Ethereum Intraday: rebound towards 4525

Ethereum (ETH/USD)
+15.90+0.39%
rebound towards 4525.
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Our pivot point stands at 4251.

Our preference: rebound towards 4525.

Alternative scenario: the downside breakout of 4251 would call for 4147 and 4085.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 4342 and 4414).

Supports and resistances:
4649 **
4587 *
4525 **
4463
4333 last
4292
4251 **
4147 *
4085 **

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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