Ether / Dollar intraday: the upside prevails as long as 1648 is support
Our pivot point stands at 1648.
Our preference: the upside prevails as long as 1648 is support.
Alternative scenario: below 1648, expect 1630 and 1618.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1640 and 1636).
Supports and resistances:
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