Ethereum Intraday: the upside prevails as long as 2272 is support

Ethereum (ETH/USD)
+26.37+1.16%
the upside prevails as long as 2272 is support.
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Our pivot point stands at 2272.

Our preference: the upside prevails as long as 2272 is support.

Alternative scenario: below 2272, expect 2226 and 2198.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2306 and 2302).

Supports and resistances:
2421 *
2393 **
2366
2309 last
2272 **
2226 *
2198 **

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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