Ethereum Intraday: as long as 2325 is support look for 2458

Ethereum (ETH/USD)
+11.66+0.62%
as long as 2325 is support look for 2458.
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Our pivot point stands at 2325.

Our preference: as long as 2325 is support look for 2458.

Alternative scenario: below 2325, expect 2273 and 2243.

Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (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 2325 and 2250).

Supports and resistances:
2488 *
2458 **
2428
2365 last
2325 **
2273 *
2243 **

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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