Cryptocurrency

Ether / USD may fall to 3577 - 3633

2024-05-31

Our pivot point stands at 3820.

Our preference

The downside prevails as long as 3820 is resistance.

Alternative scenario

Above 3820, look for 3915 and 3971.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3764 and 3761).

Supports and resistances

3971 **

3915 *

3820 **

3783

3746 last

3633

3577 **

3521 *

3464 **

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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