Ether / Dollar intraday: the upside prevails as long as 2880 is support
2880 is our pivot point.
Our preference: the upside prevails as long as 2880 is support.
Alternative scenario: the downside breakout of 2880 would call for 2827 and 2796.
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 above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2892 and 2843).
Supports and resistances:
3087 **
3056 *
3024 **
2992
2922 last
2901
2880 **
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