Ethereum Intraday: the downside prevails as long as 2292 is resistance

Ethereum (ETH/USD)
+1.59+0.07%
the downside prevails as long as 2292 is resistance.
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Our pivot point stands at 2292.

Our preference: the downside prevails as long as 2292 is resistance.

Alternative scenario: the upside breakout of 2292, would call for 2333 and 2358.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2274 and 2285).

Supports and resistances:
2358 **
2333 *
2292 **
2255 last
2203
2179 **
2155 *

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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