Ether / USD may rise to 2565 - 2597

Our pivot point stands at 2454.

Our preference

Our next up target stands at 2597.

Alternative scenario

The downside breakout of 2454 would call for 2400 and 2368.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 2487 and 2490).

Supports and resistances

2661 **

2629 *

2597 **

2565

2497 last

2475

2454 **

2400 *

2368 **

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