Ethereum Intraday: rebound towards 1601

Ethereum (ETH/USD)
+25.04+1.61%
rebound towards 1601.
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Our pivot point stands at 1522.

Our preference: rebound towards 1601.

Alternative scenario: the downside breakout of 1522 would call for 1495 and 1479.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1554 and 1570).

Supports and resistances:
1617 *
1601 **
1585
1546 last
1522 **
1495 *
1479 **

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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