Ether / USD may rise to 2603 - 2640

2480 is our pivot point.

Our preference

The upside prevails as long as 2480 is support.

Alternative scenario

The downside breakout of 2480 would call for 2418 and 2381.

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 trading above both its 20 and 50 period moving average (respectively at 2492 and 2517).

Supports and resistances

2715 **

2678 *

2640 **

2603

2529 last

2505

2480 **

2418 *

2381 **

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