Pivot Points levels for Ethereum in the Asian session:
PP: 4037.06;S1: 3900.13; S2: 3820.15; S3: 3683.22;R1: 4117.04; R2: 4253.97; R3: 4333.95.
The Pivot Points value is currently at 4037.06. The market opened below this level, which hints at the presence of pessimistic sentiment. In such a situation, intraday priority is given to searching for entry points into short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 3900.13, S2 3820.15, and S3 3683.22 levels.
The resistance levels are marked with red and are located at R1 4117.04, R2 4253.97 and R3 4333.95.
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.
