Cryptocurrency

Ether / USD may rise to 3629 - 3674

2024-07-20

Our pivot point is at 3453.

Our preference

The upside prevails as long as 3453 is support.

Alternative scenario

The downside breakout of 3453 would call for 3378 and 3333.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3457 and 3431).

Supports and resistances

3765 **

3720 *

3674 **

3629

3521 last

3483

3453 **

3378 *

3333 **

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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