Ethereum Intraday: rebound towards 3258

Ethereum (ETH/USD)
-20.39-0.97%
rebound towards 3258.
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Our pivot point stands at 3048.

Our preference: rebound towards 3258.

Alternative scenario: below 3048, expect 2970 and 2923.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3115 and 3125).

Supports and resistances:
3352 **
3305 *
3258 **
3211
3111 last
3079
3048 **
2970 *
2923 **

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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