Ethereum Intraday: under pressure below 3550
Dec 25, 2024 2:03 PM
under pressure below 3550.
Our pivot point is at 3550.
Our preference:
under pressure below 3550.
Alternative scenario:
above 3550, look for 3639 and 3692.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3490 and 3483).
Supports and resistances:
3692 **
3639 *
3550 **
3516
3481 last
3373
3321 **
3268 *
3215 **
Our preference:
under pressure below 3550.
Alternative scenario:
above 3550, look for 3639 and 3692.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3490 and 3483).
Supports and resistances:
3692 **
3639 *
3550 **
3516
3481 last
3373
3321 **
3268 *
3215 **
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Related Instruments
Ethereum
3315.20
-19.34
-0.58%