Market Analysis of Ethereum on Monday 7 February 2022

2022-02-07 09:55Source:BtcDana

Ether / Dollar intraday: rebound towards 3171

 

Our pivot point is at 2920.

 

Our preference:

Rebound towards 3171.

 

Alternative scenario:

The downside breakout of 2920 would call for 2826 and 2770.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3002 and 3011).


Analyst Views Chart


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