Ether / USD may rise to 2687 - 2725

Our pivot point stands at 2555.

Our preference

Rebound.

Alternative scenario

Below 2555, expect 2491 and 2453.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (2590) but below its 50 period moving average (2616).

Supports and resistances

2801 **

2763 *

2725 **

2687

2607 last

2580

2555 **

2491 *

2453 **

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