Pivot Points levels for Ethereum in the Asian session:
PP: 3836.16;S1: 3707.71; S2: 3639.55; S3: 3511.10;R1: 3904.32; R2: 4032.77; R3: 4100.93.
The current level of Pivot Points has formed in the area 3836.16. With the market opening below this level, a downward movement becomes more likely. Therefore, intraday priority is given to searching for opportunities to open short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 3707.71, S2 3639.55, and S3 3511.10 levels.
The resistance levels are marked with red and are located at R1 3904.32, R2 4032.77 and R3 4100.93.
The entry points should be considered at the PP level and when the price rolls back to the area of the resistance levels marked with red. The transaction closes when the price reaches the S1, S2, S3 levels.
