Ethereum Intraday: the downside prevails as long as 2098 is resistance

Ethereum (ETH/USD)
-5.34-0.26%
the downside prevails as long as 2098 is resistance.
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Our pivot point is at 2098.

Our preference: the downside prevails as long as 2098 is resistance.

Alternative scenario: above 2098, look for 2159 and 2196.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2058 and 2053).

Supports and resistances:
2196 **
2159 *
2098 **
2049 last
1974
1938 **
1901 *

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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