Market Analysis of Ethereum on Wednesday 2 February 2022

2022-02-02 08:35Source:BtcDana

Ether / Dollar intraday: as long as 2698 is support look for 2944

 

Our pivot point stands at 2698.

 

Our preference:

As long as 2698 is support look for 2944.

 

Alternative scenario:

Below 2698, expect 2611 and 2560.

 

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 trading above both its 20 and 50 period moving average (respectively at 2777 and 2742).

 

Analyst Views Chart


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