Ether / Dollar intraday: the upside prevails as long as 1662 is support
Our pivot point is at 1662.
Our preference: the upside prevails as long as 1662 is support.
Alternative scenario: below 1662, expect 1643 and 1632.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1650 and 1640).
Supports and resistances:
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