Our pivot point is at 3257.
Our preference: the upside prevails as long as 3257 is support.
Alternative scenario: the downside breakout of 3257 would call for 3186 and 3144.
Comment: the RSI is above its neutrality area at 50. 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 3286 and 3304). Finally, the Ether / Dollar has crossed above its upper Bollinger band (3313).
Supports and resistances:
3531 **
3488 *
3446 **
3403
3318 last
3285
3257 **
3186 *
3144 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-31-2024 at 09:48 UTC+1
Price reference: 3318 last known on 07-31-2024 at 09:48 UTC+1
Investment horizon: INTRADAY
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