Cryptocurrency

Ether / USD may fall to 2628 - 2668

2024-08-26

2803 is our pivot point.

Our preference

The downside prevails as long as 2803 is resistance.

Alternative scenario

Above 2803, look for 2870 and 2910.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2768 and 2763).

Supports and resistances

2910 **

2870 *

2803 **

2777

2751 last

2668

2628 **

2588 *

2549 **

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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