Ether / USD may rise to 2678 - 2716

Our pivot point stands at 2551.

Our preference

Rebound towards 2716.

Alternative scenario

The downside breakout of 2551 would call for 2487 and 2449.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (2599) but below its 50 period moving average (2604).

Supports and resistances

2792 **

2754 *

2716 **

2678

2601 last

2576

2551 **

2487 *

2449 **

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