Ethereum Intraday: as long as 2201 is support look for 2331

Ethereum (ETH/USD)
+135.13+6.39%
as long as 2201 is support look for 2331.
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Our pivot point stands at 2201.

Our preference: as long as 2201 is support look for 2331.

Alternative scenario: the downside breakout of 2201 would call for 2152 and 2123.

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 below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 2213 and 2142).

Supports and resistances:
2360 *
2331 **
2302
2241 last
2201 **
2152 *
2123 **

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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