Ethereum Intraday: the upside prevails as long as 1534 is support
Ethereum (ETH/USD)
-31.30-1.90%
the upside prevails as long as 1534 is support.
Our pivot point is at 1534.
Our preference: the upside prevails as long as 1534 is support.
Alternative scenario: the downside breakout of 1534 would call for 1486 and 1458.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1563 and 1562).
Supports and resistances:
1716 **
1687 *
1659 **
1631
1574 last
1553
1534 **
1486 *
1458 **
Our preference: the upside prevails as long as 1534 is support.
Alternative scenario: the downside breakout of 1534 would call for 1486 and 1458.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1563 and 1562).
Supports and resistances:
1716 **
1687 *
1659 **
1631
1574 last
1553
1534 **
1486 *
1458 **
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