Trade Idea $ETH is showing bearish candles on 1-hour time frame. If 2430 breaks it might go down to $ 2195.

Our pivot point is at 2463.

Our preference

The upside prevails as long as 2463 is support.

Alternative scenario

Below 2463, expect 2409 and 2377, 2195

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2496 and 2490).

Supports and resistances

2681 **

2649 *

2617 **

2585

2510 last

2485

2463 **

2409 *

2377 **

2195***

Number of asterisks represents the strength of support and resistance levels.