Ether / USD may rise to 2759 - 2798

Our pivot point stands at 2629.

Our preference

Rebound towards 2798.

Alternative scenario

Below 2629, expect 2564 and 2525.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2699 and 2724).

Supports and resistances

2875 **

2836 *

2798 **

2759

2682 last

2655

2629 **

2564 *

2525 **

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