Ether / USD may rise to 2731 - 2770

Our pivot point is at 2602.

Our preference

The upside prevails as long as 2602 is support.

Alternative scenario

Below 2602, expect 2537 and 2498.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 2624 and 2614).

Supports and resistances

2847 **

2809 *

2770 **

2731

2653 last

2627

2602 **

2537 *

2498 **

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