Ether / USD may rise to 2702 - 2740

2575 is our pivot point.

Our preference

As long as 2575 is support look for 2740.

Alternative scenario

The downside breakout of 2575 would call for 2511 and 2473.

Comment

The RSI is above its neutrality area at 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 (2625) but above its 50 period moving average (2612).

Supports and resistances

2816 **

2778 *

2740 **

2702

2625 last

2600

2575 **

2511 *

2473 **

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