Ethereum Intraday: as long as 1643 is support look for 1718

Ethereum (ETH/USD)
+68.41+4.21%
as long as 1643 is support look for 1718.
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1643 is our pivot point.

Our preference: as long as 1643 is support look for 1718.

Alternative scenario: the downside breakout of 1643 would call for 1619 and 1605.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1669 and 1651).

Supports and resistances:
1733 *
1718 **
1704
1670 last
1643 **
1619 *
1605 **

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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