Cryptocurrency

Ether / USD may rise to 2658 - 2695

2024-08-16

Our pivot point is at 2530.

Our preference

Rebound towards 2695.

Alternative scenario

Below 2530, expect 2466 and 2429.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (2568) but under its 50 period moving average (2609).

Supports and resistances

2770 **

2733 *

2695 **

2658

2582 last

2554

2530 **

2466 *

2429 **

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

Trade with Exness

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

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