Market Analysis of Ethereum on Tuesday 25 January 2022

2022-01-25 09:45Source:BtcDana

Ether / Dollar intraday: the upside prevails as long as 2326 is support

 

Our pivot point is at 2326.

 

Our preference:

The upside prevails as long as 2326 is support.

 

Alternative scenario:

The downside breakout of 2326 would call for 2251 and 2206.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2285 and 2369).


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