Ether / USD may rise to 2605 - 2642

Our pivot point stands at 2479.

Our preference

The upside prevails as long as 2479 is support.

Alternative scenario

Below 2479, expect 2417 and 2380.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2519 and 2496).

Supports and resistances

2717 **

2680 *

2642 **

2605

2531 last

2504

2479 **

2417 *

2380 **

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