$ETH

#Our pivot point stands at 1918.

Our preference: the downside prevails as long as 1918 is resistance.

Alternative scenario: the upside breakout of 1918, would call for 1972 and 2005.

Comment: the RSI is below 50. 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 1877 and 1888).

Supports and resistances:

2005 ** Resistance3

1972* Resistance2

1918 ** Resistance1

1896

1871 last

1803

1771 ** Support1

1739 * Support2

1706 ** Support3