Ethereum Intraday: look for a drop towards 2850 before a bounce
Ethereum (ETH/USD)
+15.73+0.54%
look for a drop towards 2850 before a bounce.
Our pivot point stands at 2850.
Our preference: look for a drop towards 2850 before a bounce.
Alternative scenario: the downside breakout of 2850 would call for 2776 and 2732.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 2924 and 2929).
Supports and resistances:
3156 **
3111 *
3067 **
3022
2933 last
2879
2850 **
2776 *
2732 **
Our preference: look for a drop towards 2850 before a bounce.
Alternative scenario: the downside breakout of 2850 would call for 2776 and 2732.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is above its 20 and 50 period moving average (respectively at 2924 and 2929).
Supports and resistances:
3156 **
3111 *
3067 **
3022
2933 last
2879
2850 **
2776 *
2732 **
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