Cryptocurrency

Ether / USD may rise to 2668 - 2706

2024-08-21

Our pivot point stands at 2537.

Our preference

Rebound towards 2706.

Alternative scenario

The downside breakout of 2537 would call for 2475 and 2437.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (2589) but below its 50 period moving average (2605).

Supports and resistances

2780 **

2743 *

2706 **

2668

2592 last

2562

2537 **

2475 *

2437 **

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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