Ether / USD may rise to 2755 - 2790

Our pivot point stands at 2635.

Our preference

The upside prevails as long as 2635 is support.

Alternative scenario

Below 2635, expect 2577 and 2543.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2598 and 2594).

Supports and resistances

2858 **

2824 *

2790 **

2755

2686 last

2657

2635 **

2577 *

2543 **

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