Ethereum Intraday Technicals: Choppy And Slow

The intraday chart of ETHUSD is following ETHBTC and trading in between CRPROLEAN lines.

Above $1,300, Ethereum will slowly and choppy move towards $1,427, while below $1,300, $1,097 is very likely.

We monitor the following scenarios today.

Scenario 1. A strong closure above $1,300 will bring more strength towards $1,427, however it will remain choppy.

Scenario 2. A closure below $1,097 will push Ethereum down towards $880-$971 region.

Scenario 3. A strong rejection of $1,300 will push Ethereum down towards $880-$971 region.