Ether / USD may rise to 2772 - 2807

Our pivot point stands at 2635.

Our preference

As long as 2635 is support look for 2807.

Alternative scenario

The downside breakout of 2635 would call for 2577 and 2543.

Comment

The RSI is above its neutrality area at 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 2671 and 2565).

Supports and resistances

2876 **

2841 *

2807 **

2772

2701 last

2657

2635 **

2577 *

2543 **

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