Ether / Dollar intraday: the downside prevails as long as 2480 is resistance
Our pivot point is at 2480.
Our preference:
The downside prevails as long as 2480 is resistance.
Alternative scenario:
Above 2480, look for 2556 and 2601.
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2449 and 2450).
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