Ether / USD may rise to 2695 - 2733

Our pivot point is at 2563.

Our preference

The upside prevails as long as 2563 is support.

Alternative scenario

The downside breakout of 2563 would call for 2499 and 2461.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2592 and 2605).

Supports and resistances

2809 **

2771 *

2733 **

2695

2617 last

2588

2563 **

2499 *

2461 **

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