ETH may rise 59.00 - 88.00 USD

Our preference

The upside prevails as long as 2196 is support.

2,353.00 Resistance ...

2,325.00 Resistance ..

2,296.00 Resistance •

2,237.00 Last

2,196.00 Pivot

2,196.00 Support.

2,148.00 Support ..

2,119.00 Support...

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 above its 20 and 50 period moving average (respectively at 2161 and 2124).

Alternative scenario

The downside breakout of 2196 would call for 2148 and 2119.

$ETH

ETH
ETHUSDT
2,324.29
-1.52%

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