Market Analysis of Ethereum on Wednesday 9 February 2022

2022-02-09 10:35Source:BtcDana

Ether / Dollar intraday: rebound

 

Our pivot point stands at 3009.

 

Our preference:

Rebound.

 

Alternative scenario:

The downside breakout of 3009 would call for 2912 and 2854.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (3073) but under its 50 period moving average (3118).

 

Analyst Views Chart


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