Ether / USD may rise to 2764 - 2799

Our pivot point stands at 2647.

Our preference

As long as 2647 is support look for 2799.

Alternative scenario

Below 2647, expect 2589 and 2555.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 2646 and 2541).

Supports and resistances

2868 **

2833 *

2799 **

2764

2694 last

2670

2647 **

2589 *

2555 **

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