Ether / USD may rise to 2705 - 2743

Our pivot point is at 2575.

Our preference

As long as 2575 is support look for 2743.

Alternative scenario

The downside breakout of 2575 would call for 2511 and 2474.

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 below its 20 period moving average (2632) but above its 50 period moving average (2607).

Supports and resistances

2818 **

2780 *

2743 **

2705

2625 last

2600

2575 **

2511 *

2474 **

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