Ether / USD may rise to 2704 - 2742

2570 is our pivot point.

Our preference

The upside prevails as long as 2570 is support.

Alternative scenario

The downside breakout of 2570 would call for 2506 and 2467.

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 2601 and 2591).

Supports and resistances

2819 **

2781 *

2742 **

2704

2626 last

2595

2570 **

2506 *

2467 **

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