Ethereum Intraday: rebound towards 2174

Ethereum (ETH/USD)
+11.05+0.52%
rebound towards 2174.
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Our pivot point stands at 2083.

Our preference: rebound towards 2174.

Alternative scenario: the downside breakout of 2083 would call for 2048 and 2028.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (2110) but under its 50 period moving average (2116).

Supports and resistances:
2194 *
2174 **
2153
2111 last
2083 **
2048 *
2028 **

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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