Ether / USD may rise to 2541 - 2578

Our pivot point is at 2416.

Our preference

Rebound towards 2578.

Alternative scenario

The downside breakout of 2416 would call for 2356 and 2319.

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 2465 and 2559).

Supports and resistances

2650 **

2614 *

2578 **

2541

2464 last

2440

2416 **

2356 *

2319 **

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