Ether / USD may rise to 2499 - 2530

2390 is our pivot point.

Our preference

The upside prevails as long as 2390 is support.

Alternative scenario

The downside breakout of 2390 would call for 2338 and 2307.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2379 and 2433).

Supports and resistances

2592 **

2561 *

2530 **

2499

2436 last

2411

2390 **

2338 *

2307 **

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