Ether / USD may rise to 2666 - 2704

Our pivot point stands at 2537.

Our preference

Rebound towards 2704.

Alternative scenario

The downside breakout of 2537 would call for 2474 and 2436.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2602 and 2652).

Supports and resistances

2780 **

2742 *

2704 **

2666

2588 last

2562

2537 **

2474 *

2436 **

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