Market Analysis of Ethereum on Friday 7 January 2022

2022-01-07 10:00Source:BtcDana

Ether / Dollar intraday: rebound

 

3340 is our pivot point.

 

Our preference:

Rebound.

 

Alternative scenario:

Below 3340, expect 3233 and 3169.

 

Comment:

The RSI is above 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 its 20 period moving average (3400) but under its 50 period moving average (3447).


Analyst Views Chart


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