Ethereum Intraday: Decline at a crossroads
Ethereum (ETH/USD)-44.16-1.59%
In spite of the current rebound, our pivot threshold at 2,781 has not been hit and our target remains 2,679

Our pivot point is at 2,781.
Our preference: In spite of the current rebound, our pivot threshold at 2,781 has not been hit and our target remains 2,679
Alternative scenario: above 2,781, look for 2,816 and 2,837.
Comment: Prices are now edging toward our first target. Should this level be reached, a pullback is likely to surface; yet a convincing break below it could open the door to further losses.
Supports and resistances:
2,837 **
2,816 *
2,781 **
2,720 last
2,700
2,679 **
2,659 *
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