Ether / USD may rise to 2660 - 2694

Our pivot point stands at 2536.

Our preference

Rebound.

Alternative scenario

The downside breakout of 2536 would call for 2481 and 2448.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (2553) but under its 50 period moving average (2599). Finally, the Ether / Dollar has crossed above its upper Bollinger band (2579).

Supports and resistances

2760 **

2727 *

2694 **

2660

2581 last

2558

2536 **

2481 *

2448 **

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