Ethereum Intraday: as long as 1955 is resistance look for 1854

Ethereum (ETH/USD)
+4.17+0.22%
as long as 1955 is resistance look for 1854.
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Our pivot point stands at 1955.

Our preference: as long as 1955 is resistance look for 1854.

Alternative scenario: above 1955, look for 1992 and 2014.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands above its 20 period moving average (1922) but below its 50 period moving average (1925).

Supports and resistances:
2014 **
1992 *
1955 **
1924 last
1876
1854 **
1831 *

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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