Ethereum Intraday: under pressure below 2378
Ethereum (ETH/USD)
+20.19+0.88%
under pressure below 2378.
Our pivot point is at 2378.
Our preference: under pressure below 2378.
Alternative scenario: the upside breakout of 2378, would call for 2432 and 2463.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2341 and 2342).
Supports and resistances:
2463 **
2432 *
2378 **
2337 last
2271
2240 **
2208 *
Our preference: under pressure below 2378.
Alternative scenario: the upside breakout of 2378, would call for 2432 and 2463.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2341 and 2342).
Supports and resistances:
2463 **
2432 *
2378 **
2337 last
2271
2240 **
2208 *
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