Our pivot point stands at 4425.
Our preference: the downside prevails as long as 4425 is resistance.
Alternative scenario: above 4425, look for 4536 and 4602.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 4377 and 4354). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 4319).
Supports and resistances:
4602 **
4536 *
4425 **
4382
4279 last
4142
4078 **
4013 *
3948 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 15:01 UTC+1
Price reference: 4279 last known on 09-02-2025 at 15:01 UTC+1
Investment horizon: INTRADAY
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