Ether / Dollar intraday: the RSI is overbought
1677 is our pivot point.
Our preference: the upside prevails as long as 1677 is support.
Alternative scenario: below 1677, expect 1658 and 1647.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1664 and 1646).
Supports and resistances:
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