Ether / USD may rise to 2825 - 2865

2686 is our pivot point.

Our preference

The upside prevails as long as 2686 is support.

Alternative scenario

The downside breakout of 2686 would call for 2619 and 2580.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 2683 and 2659).

Supports and resistances

2944 **

2904 *

2865 **

2825

2745 last

2712

2686 **

2619 *

2580 **

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