Ethereum Intraday: Critical support closing in
Ethereum (ETH/USD)
-53.26-2.14%
The downside prevails as long as 2,491 is resistance, with 2,389 and 2,372 as targets
Our pivot point is at 2,491.
Our preference: The downside prevails as long as 2,491 is resistance, with 2,389 and 2,372 as targets
Alternative scenario: above 2,491, look for 2,520 and 2,537.
Comment: With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.
Supports and resistances:
2,537 **
2,520 *
2,491 **
2,420 last
2,389
2,372 **
2,355 *
Our preference: The downside prevails as long as 2,491 is resistance, with 2,389 and 2,372 as targets
Alternative scenario: above 2,491, look for 2,520 and 2,537.
Comment: With prices nearing our first target, a pullback may emerge, though a clean break below could accelerate the downside.
Supports and resistances:
2,537 **
2,520 *
2,491 **
2,420 last
2,389
2,372 **
2,355 *
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