Ether / USD may rise to 2721 - 2760

2593 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 2593 would call for 2529 and 2490.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (2632) but below its 50 period moving average (2652).

Supports and resistances

2837 **

2798 *

2760 **

2721

2644 last

2619

2593 **

2529 *

2490 **

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