Ether / USD may rise to 2820 - 2860

Our pivot point stands at 2676.

Our preference

The upside prevails as long as 2676 is support.

Alternative scenario

The downside breakout of 2676 would call for 2609 and 2569.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2715 and 2685).

Supports and resistances

2940 **

2900 *

2860 **

2820

2729 last

2702

2676 **

2609 *

2569 **

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