Ethereum Intraday: the downside prevails as long as 2765 is resistance
Feb 4, 2025 9:42 AM
the downside prevails as long as 2765 is resistance.

Our pivot point stands at 2765.
Our preference:
the downside prevails as long as 2765 is resistance.
Alternative scenario:
the upside breakout of 2765, would call for 2825 and 2860.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2770 and 2723).
Supports and resistances:
2860 **
2825 *
2765 **
2741
2709 last
2635
2599 **
2564 *
2528 **
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