Ether / USD may rise to 2730 - 2769

Our pivot point is at 2599.

Our preference

Rebound towards 2769.

Alternative scenario

The downside breakout of 2599 would call for 2534 and 2495.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2662 and 2689).

Supports and resistances

2846 **

2807 *

2769 **

2730

2650 last

2624

2599 **

2534 *

2495 **

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