Ether / USD may rise to 2518 - 2546

Our pivot point stands at 2418.

Our preference

The upside prevails as long as 2418 is support.

Alternative scenario

Below 2418, expect 2372 and 2344.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 2434 and 2409).

Supports and resistances

2601 **

2573 *

2546 **

2518

2457 last

2436

2418 **

2372 *

2344 **

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