Cryptocurrency

Ether / USD may rise to 2465 - 2492

2024-10-11

Our pivot point stands at 2373.

Our preference

The upside prevails as long as 2373 is support.

Alternative scenario

The downside breakout of 2373 would call for 2328 and 2301.

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 trading above both its 20 and 50 period moving average (respectively at 2382 and 2386).

Supports and resistances

2546 **

2519 *

2492 **

2465

2411 last

2391

2373 **

2328 *

2301 **

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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