Cryptocurrency

Ether / USD may rise to 3883 - 3940

2024-05-30

3693 is our pivot point.

Our preference

Rebound towards 3940.

Alternative scenario

The downside breakout of 3693 would call for 3598 and 3541.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (3762) but under its 50 period moving average (3796).

Supports and resistances

4053 **

3996 *

3940 **

3883

3770 last

3730

3693 **

3598 *

3541 **

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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