Ethereum Intraday: the downside prevails as long as 1661 is resistance
Ethereum (ETH/USD)
-4.19-0.26%
the downside prevails as long as 1661 is resistance.
1661 is our pivot point.
Our preference: the downside prevails as long as 1661 is resistance.
Alternative scenario: above 1661, look for 1710 and 1739.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1630 and 1623).
Supports and resistances:
1739 **
1710 *
1661 **
1641
1622 last
1556
1527 **
1498 *
1469 **
Our preference: the downside prevails as long as 1661 is resistance.
Alternative scenario: above 1661, look for 1710 and 1739.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1630 and 1623).
Supports and resistances:
1739 **
1710 *
1661 **
1641
1622 last
1556
1527 **
1498 *
1469 **
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