Ether / USD may rise to 2378 - 2408

Our pivot point is at 2223.

Our preference

Rebound towards 2408.

Alternative scenario

The downside breakout of 2223 would call for 2175 and 2146.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2325 and 2612).

Supports and resistances

2468 **

2438 *

2408 **

2378

2266 last

2243

2223 **

2175 *

2146 **

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