Market Analysis of Ethereum on Friday 31 December 2021

2021-12-31 10:35Source:BtcDana

Ether / Dollar intraday: as long as 3642 is support look for 3969

 

Our pivot point is at 3642.

 

Our preference:

As long as 3642 is support look for 3969.

 

Alternative scenario:

The downside breakout of 3642 would call for 3524 and 3455.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (3736) but above its 50 period moving average (3704).


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