Ethereum Intraday: the downside prevails as long as 2381 is resistance
Ethereum (ETH/USD)
-20.23-0.86%
the downside prevails as long as 2381 is resistance.
2381 is our pivot point.
Our preference: the downside prevails as long as 2381 is resistance.
Alternative scenario: the upside breakout of 2381, would call for 2434 and 2466.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2347 and 2362).
Supports and resistances:
2466 **
2434 *
2381 **
2336 last
2272
2240 **
2209 *
Our preference: the downside prevails as long as 2381 is resistance.
Alternative scenario: the upside breakout of 2381, would call for 2434 and 2466.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2347 and 2362).
Supports and resistances:
2466 **
2434 *
2381 **
2336 last
2272
2240 **
2209 *
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