Ethereum Intraday: under pressure below 2383

Ethereum (ETH/USD)
+8.02+0.34%
under pressure below 2383.
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Our pivot point stands at 2383.

Our preference: under pressure below 2383.

Alternative scenario: above 2383, look for 2431 and 2459.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2364 and 2341).

Supports and resistances:
2459 **
2431 *
2383 **
2337 last
2266
2239 **
2211 *

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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