Ether / USD may rise to 2716 - 2754

2589 is our pivot point.

Our preference

The upside prevails as long as 2589 is support.

Alternative scenario

The downside breakout of 2589 would call for 2525 and 2487.

Comment

The RSI is above its neutrality area at 50. 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 2621 and 2623).

Supports and resistances

2831 **

2793 *

2754 **

2716

2639 last

2614

2589 **

2525 *

2487 **

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