Ether / USD may rise to 2619 - 2657

2493 is our pivot point.

Our preference

The upside prevails as long as 2493 is support.

Alternative scenario

The downside breakout of 2493 would call for 2431 and 2394.

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 2533 and 2522).

Supports and resistances

2731 **

2694 *

2657 **

2619

2545 last

2518

2493 **

2431 *

2394 **

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