Ether / USD may rise to 2504 - 2535

Our pivot point is at 2398.

Our preference

Our next up target stands at 2535.

Alternative scenario

Below 2398, expect 2346 and 2315.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2364 and 2437). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 2426).

Supports and resistances

2598 **

2567 *

2535 **

2504

2441 last

2419

2398 **

2346 *

2315 **

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