Cryptocurrency

Ether / USD may fall to 2100 - 2185

2024-08-05

Pivot

2525

Our preference

Short positions below 2525 with targets at 2185 & 2100 in extension.

Alternative scenario

Above 2525 look for further upside with 2650 & 2750 as targets.

Comment

As long as the resistance at 2525 is not surpassed, the risk of the break below 2185 remains high.

Supports and resistances

2750

2650

2525

2337 Last

2185

2100

2000

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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