kepaFX

Ethereum: the upside prevails as long as 3099 is support.

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
The RSI is above 50.
The MACD is above its signal line and positive.
The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3170 and 3144).
Our preference: The upside prevails as long as 3099 is support.
Alternative scenario: Below 3099, expect 2999 and 2940.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.