Ethereum Short Term: below its lower Bollinger band
Feb 4, 2025 11:06 AM
the downside prevails as long as 3252 is resistance.
Our pivot point stands at 3252.
Our preference:
the downside prevails as long as 3252 is resistance.
Alternative scenario:
the upside breakout of 3252, would call for 3709 and 3981.
Comment:
the RSI is below 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 3195 and 3327). Finally, the Ether / Dollar has penetrated its lower Bollinger band (2838).
Supports and resistances:
3981 **
3709 *
3252 **
3072
2770 last
2164
1913 **
1662 *
1411 **
Our preference:
the downside prevails as long as 3252 is resistance.
Alternative scenario:
the upside breakout of 3252, would call for 3709 and 3981.
Comment:
the RSI is below 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 3195 and 3327). Finally, the Ether / Dollar has penetrated its lower Bollinger band (2838).
Supports and resistances:
3981 **
3709 *
3252 **
3072
2770 last
2164
1913 **
1662 *
1411 **
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