Ether / Dollar intraday: the upside prevails as long as 4247 is support
4247 is our pivot point.
Our preference:
The upside prevails as long as 4247 is support.
Alternative scenario:
The downside breakout of 4247 would call for 4110 and 4029.
Comment:
The RSI is above 50. 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 4271 and 4185).
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