Ethereum Intraday: the upside prevails as long as 2371 is support

Ethereum (ETH/USD)
-30.17-0.88%
the upside prevails as long as 2371 is support.
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Our pivot point is at 2371.

Our preference: the upside prevails as long as 2371 is support.

Alternative scenario: below 2371, expect 2311 and 2276.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2415 and 2414).

Supports and resistances:
2599 **
2563 *
2528 **
2492
2418 last
2395
2371 **
2311 *
2276 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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