Market Analysis of Ethereum on Thursday 24 February 2022

2022-02-24 10:10Source:BtcDana

Ether / Dollar intraday: as long as 2626 is support look for 2874

 

Our pivot point is at 2626.

 

Our preference:

As long as 2626 is support look for 2874.

 

Alternative scenario:

The downside breakout of 2626 would call for 2542 and 2491.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. the price could retrace. Moreover, the price is trading under its 20 period moving average (2716) but above its 50 period moving average (2663).


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