Cryptocurrency

Ether / USD may rise to 2716 - 2754

2024-08-20

Our pivot point is at 2584.

Our preference

The upside prevails as long as 2584 is support.

Alternative scenario

Below 2584, expect 2520 and 2481.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2609 and 2610).

Supports and resistances

2831 **

2793 *

2754 **

2716

2635 last

2610

2584 **

2520 *

2481 **

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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