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Ether / Dollar intraday: the upside prevails as long as 3577 is support

2024-03-26
1021

Our pivot point stands at 3577.

Our preference: the upside prevails as long as 3577 is support.

Alternative scenario: below 3577, expect 3513 and 3475.

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 trading above both its 20 and 50 period moving average (respectively at 3562 and 3494).

Supports and resistances:

3826 **

3788 *

3750 **

3712

3630 last

3602

3577 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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