Ether / USD may rise to 2731 - 2765

Our pivot point stands at 2602.

Our preference

As long as 2602 is support look for 2765.

Alternative scenario

Below 2602, expect 2545 and 2511.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (2665) but above its 50 period moving average (2603).

Supports and resistances

2833 **

2799 *

2765 **

2731

2652 last

2625

2602 **

2545 *

2511 **

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