Ether / USD may rise to 2654 - 2687

Our pivot point stands at 2531.

Our preference

The upside prevails as long as 2531 is support.

Alternative scenario

The downside breakout of 2531 would call for 2476 and 2443.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2513 and 2444).

Supports and resistances

2753 **

2720 *

2687 **

2654

2586 last

2553

2531 **

2476 *

2443 **

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