Ether / USD may rise to 2731 - 2770

Our pivot point stands at 2597.

Our preference

Rebound towards 2770.

Alternative scenario

The downside breakout of 2597 would call for 2532 and 2493.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (2647) but below its 50 period moving average (2670).

Supports and resistances

2847 **

2809 *

2770 **

2731

2648 last

2622

2597 **

2532 *

2493 **

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