Cryptocurrency

Ether / USD may fall to 2210 - 2479

2024-07-09

Our pivot point is at 3373.

Our preference

The downside prevails as long as 3373 is resistance.

Alternative scenario

Above 3373, look for 3825 and 4095.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3295 and 3536).

Supports and resistances

4095 **

3825 *

3373 **

3196

3017 last

2479

2210 **

1941 *

1672 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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