Ether / USD may rise to 2458 - 2485

Our pivot point stands at 2364.

Our preference

Rebound.

Alternative scenario

The downside breakout of 2364 would call for 2319 and 2292.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (2384) but under its 50 period moving average (2412).

Supports and resistances

2539 **

2512 *

2485 **

2458

2404 last

2382

2364 **

2319 *

2292 **

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