Ethereum Intraday: the downside prevails as long as 2768 is resistance
Feb 4, 2025 7:51 AM
the downside prevails as long as 2768 is resistance.
Our pivot point stands at 2768.
Our preference:
the downside prevails as long as 2768 is resistance.
Alternative scenario:
above 2768, look for 2828 and 2864.
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 2804 and 2713).
Supports and resistances:
2864 **
2828 *
2768 **
2744
2694 last
2623
2588 **
2552 *
2517 **
Our preference:
the downside prevails as long as 2768 is resistance.
Alternative scenario:
above 2768, look for 2828 and 2864.
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 2804 and 2713).
Supports and resistances:
2864 **
2828 *
2768 **
2744
2694 last
2623
2588 **
2552 *
2517 **
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Ethereum
2584.94
-34.68
-1.32%