Ethereum Intraday: the upside prevails as long as 2287 is support
Ethereum (ETH/USD)
+15.77+0.69%
the upside prevails as long as 2287 is support.
Our pivot point stands at 2287.
Our preference: the upside prevails as long as 2287 is support.
Alternative scenario: the downside breakout of 2287 would call for 2241 and 2213.
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 above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2298 and 2289).
Supports and resistances:
2438 *
2410 **
2382
2325 last
2287 **
2241 *
2213 **
Our preference: the upside prevails as long as 2287 is support.
Alternative scenario: the downside breakout of 2287 would call for 2241 and 2213.
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 above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2298 and 2289).
Supports and resistances:
2438 *
2410 **
2382
2325 last
2287 **
2241 *
2213 **
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.
