Market Analysis of Ethereum on Wednesday 15 December 2021

2021-12-15 09:30Source:BtcDana

Ether / Dollar intraday: our next up target stands at 4079

 

Our pivot point stands at 3704.

 

Our preference:

Our next up target stands at 4079.

 

Alternative scenario:

The downside breakout of 3704 would call for 3585 and 3514.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3798 and 3785).


Analyst Views Chart


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