Ethereum Intraday: the downside prevails as long as 3450 is resistance
Jun 26, 2024 07:48
Ethereum (ETH/USD)
+7.88+0.23%
the downside prevails as long as 3450 is resistance.
3450 is our pivot point.
Our preference: the downside prevails as long as 3450 is resistance.
Alternative scenario: the upside breakout of 3450, would call for 3522 and 3565.
Comment: the RSI is below its neutrality area at 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 3397 and 3390).
Supports and resistances:
3565 **
3522 *
3450 **
3422
3389 last
3303
3260 **
3217 *
3174 **
Our preference: the downside prevails as long as 3450 is resistance.
Alternative scenario: the upside breakout of 3450, would call for 3522 and 3565.
Comment: the RSI is below its neutrality area at 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 3397 and 3390).
Supports and resistances:
3565 **
3522 *
3450 **
3422
3389 last
3303
3260 **
3217 *
3174 **
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