Market Analysis of Ethereum on Wednesday 16 February 2022

2022-02-16 08:55Source:BtcDana

Ether / Dollar intraday: as long as 3031 is support look for 3292

 

Our pivot point is at 3031.

 

Our preference:

As long as 3031 is support look for 3292.

 

Alternative scenario:

The downside breakout of 3031 would call for 2933 and 2875.

 

Comment:

The RSI is above 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 3111 and 3045).


Analyst Views Chart

 

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