Ether / USD may rise to 2438 - 2464

Our pivot point stands at 2346.

Our preference

Rebound.

Alternative scenario

The downside breakout of 2346 would call for 2301 and 2274.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (2374) but below its 50 period moving average (2383).

Supports and resistances

2518 **

2491 *

2464 **

2438

2381 last

2364

2346 **

2301 *

2274 **

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