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Ethereum Intraday: target 2508

Oct 1, 2024 1:02 PM
target 2508.
image
Our pivot point is at 2675.
Our preference:
target 2508.
Alternative scenario:
the upside breakout of 2675, would call for 2740 and 2779.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2638) but above its 50 period moving average (2620).
Supports and resistances:
2779 **
2740 *
2675 **
2650
2624 last
2547
2508 **
2469 *
2431 **
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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Ethereum
2346.10
6.63
+0.28%