Ether / USD may rise to 2590 - 2623

Our pivot point stands at 2405.

Our preference

The upside prevails as long as 2405 is support.

Alternative scenario

Below 2405, expect 2352 and 2321.

Comment

The RSI is above 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 2437 and 2407). Finally, the Ether / Dollar has crossed above its upper Bollinger band (2468).

Supports and resistances

2687 **

2655 *

2623 **

2590

2483 last

2425

2405 **

2352 *

2321 **

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