Ether / USD may rise to 2740 - 2775

Our pivot point is at 2623.

Our preference

As long as 2623 is support look for 2775.

Alternative scenario

The downside breakout of 2623 would call for 2565 and 2531.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2626 and 2522).

Supports and resistances

2843 **

2809 *

2775 **

2740

2668 last

2645

2623 **

2565 *

2531 **

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