Ether / USD may rise to 2691 - 2729

Our pivot point is at 2560.

Our preference

The upside prevails as long as 2560 is support.

Alternative scenario

The downside breakout of 2560 would call for 2496 and 2458.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2609 and 2605).

Supports and resistances

2805 **

2767 *

2729 **

2691

2615 last

2585

2560 **

2496 *

2458 **

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