Ethereum Intraday: as long as 2085 is support look for 2261

Ethereum (ETH/USD)
+73.45+3.55%
as long as 2085 is support look for 2261.
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2085 is our pivot point.

Our preference: as long as 2085 is support look for 2261.

Alternative scenario: the downside breakout of 2085 would call for 2022 and 1984.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2127 and 2081).

Supports and resistances:
2299 *
2261 **
2223
2140 last
2085 **
2022 *
1984 **

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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