Ether / USD may rise to 2709 - 2747

Our pivot point stands at 2580.

Our preference

As long as 2580 is support look for 2747.

Alternative scenario

The downside breakout of 2580 would call for 2516 and 2478.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2626 and 2603).

Supports and resistances

2823 **

2785 *

2747 **

2709

2633 last

2605

2580 **

2516 *

2478 **

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