Ether / USD may rise to 2482 - 2509

Our pivot point stands at 2391.

Our preference

Rebound towards 2509.

Alternative scenario

The downside breakout of 2391 would call for 2345 and 2318.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2430 and 2444).

Supports and resistances

2564 **

2536 *

2509 **

2482

2427 last

2409

2391 **

2345 *

2318 **

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