Cryptocurrency

Ether / USD may rise to 2583 - 2615

2024-08-06

2457 is our pivot point.

Our preference

As long as 2457 is support look for 2615.

Alternative scenario

Below 2457, expect 2403 and 2371.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2494 and 2413).

Supports and resistances

2680 **

2647 *

2615 **

2583

2502 last

2478

2457 **

2403 *

2371 **

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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