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Ethereum Intraday: the upside prevails as long as 2388 is support
Ethereum (ETH/USD)
+49.26+2.10%
the upside prevails as long as 2388 is support.
Our pivot point stands at 2388.
Our preference: the upside prevails as long as 2388 is support.
Alternative scenario: the downside breakout of 2388 would call for 2341 and 2313.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2402 and 2397).
Supports and resistances:
2541 *
2512 **
2484
2426 last
2388 **
2341 *
2313 **
Our preference: the upside prevails as long as 2388 is support.
Alternative scenario: the downside breakout of 2388 would call for 2341 and 2313.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2402 and 2397).
Supports and resistances:
2541 *
2512 **
2484
2426 last
2388 **
2341 *
2313 **
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.
