Ether / Dollar intraday: target 2298
Our pivot point is at 2429.
Our preference: target 2298.
Alternative scenario: the upside breakout of 2429, would call for 2475 and 2502.
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 its 20 period moving average (2397) but above its 50 period moving average (2366).
Supports and resistances:
2502 **
2475 *
2429 **
2411
2380 last
2325
2298 **
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