Ethereum Intraday: target 2508
Oct 1, 2024 1:02 PM
target 2508.
Our pivot point is at 2675.
Our preference:
target 2508.
Alternative scenario:
the upside breakout of 2675, would call for 2740 and 2779.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2638) but above its 50 period moving average (2620).
Supports and resistances:
2779 **
2740 *
2675 **
2650
2624 last
2547
2508 **
2469 *
2431 **
Our preference:
target 2508.
Alternative scenario:
the upside breakout of 2675, would call for 2740 and 2779.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2638) but above its 50 period moving average (2620).
Supports and resistances:
2779 **
2740 *
2675 **
2650
2624 last
2547
2508 **
2469 *
2431 **
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