Ether / USD may rise to 2794 - 2834

Our pivot point stands at 2652.

Our preference

The upside prevails as long as 2652 is support.

Alternative scenario

The downside breakout of 2652 would call for 2586 and 2546.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2671 and 2675).

Supports and resistances

2913 **

2874 *

2834 **

2794

2715 last

2678

2652 **

2586 *

2546 **

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