Ether / Dollar intraday: the RSI is overbought
1754 is our pivot point.
Our preference: the upside prevails as long as 1754 is support.
Alternative scenario: below 1754, expect 1732 and 1719.
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 positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1717 and 1695).
Supports and resistances:
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