Cryptocurrency

Ether / USD may rise to 3882 - 3936

2024-06-04

Our pivot point stands at 3698.

Our preference

Rebound towards 3936.

Alternative scenario

The downside breakout of 3698 would call for 3606 and 3552.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (3767) but under its 50 period moving average (3783).

Supports and resistances

4044 **

3990 *

3936 **

3882

3769 last

3733

3698 **

3606 *

3552 **

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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