Ether / USD may rise to 2478 - 2505

Our pivot point stands at 2387.

Our preference

The upside prevails as long as 2387 is support.

Alternative scenario

Below 2387, expect 2342 and 2314.

Comment

The RSI is above 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 2410 and 2392). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 2423).

Supports and resistances

2560 **

2532 *

2505 **

2478

2423 last

2405

2387 **

2342 *

2314 **

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