Ether / USD may rise to 2740 - 2779

Our pivot point stands at 2609.

Our preference

As long as 2609 is support look for 2779.

Alternative scenario

The downside breakout of 2609 would call for 2544 and 2506.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (2662) but above its 50 period moving average (2624).

Supports and resistances

2856 **

2817 *

2779 **

2740

2661 last

2635

2609 **

2544 *

2506 **

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