ETH may fall 47.00 – 70.00 USD

Our preference

The downside prevails as long as 2147 is resistance.

2,208.00 Resistance ...

2,185.00 Resistance

2,147.00 Resistance •

2,116.00 Last

2,147.00 Pivot

2,069.00 Support .

2,046.00 Support ..

2,023.00 Support ...

Comment

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2164 and 2177).

Alternative scenario

The upside breakout of 2147, would call for 2185 and 2208.

$ETH

ETH
ETHUSDT
2,019.03
+1.01%

#ETH🔥🔥🔥🔥🔥🔥