Ethereum Intraday: the upside prevails as long as 1576 is support
Ethereum (ETH/USD)
-10.48-0.66%
the upside prevails as long as 1576 is support.
Our pivot point stands at 1576.
Our preference: the upside prevails as long as 1576 is support.
Alternative scenario: the downside breakout of 1576 would call for 1527 and 1498.
Comment: the RSI is above 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 1607 and 1608).
Supports and resistances:
1763 **
1734 *
1705 **
1676
1615 last
1596
1576 **
1527 *
1498 **
Our preference: the upside prevails as long as 1576 is support.
Alternative scenario: the downside breakout of 1576 would call for 1527 and 1498.
Comment: the RSI is above 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 1607 and 1608).
Supports and resistances:
1763 **
1734 *
1705 **
1676
1615 last
1596
1576 **
1527 *
1498 **
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