Ether / USD may rise to 2510 - 2538

Our pivot point is at 2414.

Our preference

Rebound towards 2538.

Alternative scenario

The downside breakout of 2414 would call for 2367 and 2340.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2454 and 2463).

Supports and resistances

2593 **

2565 *

2538 **

2510

2454 last

2432

2414 **

2367 *

2340 **

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