Ether / Dollar intraday: the upside prevails as long as 3588 is support
Our pivot point is at 3588.
Our preference: the upside prevails as long as 3588 is support.
Alternative scenario: the downside breakout of 3588 would call for 3530 and 3495.
Comment: the RSI is above its neutrality area at 50. 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 3618 and 3590).
Supports and resistances:
3809 **
3774 *
3740 **
3705
3635 last
3611
3588 **
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