Ether / USD may rise to 2585 - 2614

2485 is our pivot point.

Our preference

The upside prevails as long as 2485 is support.

Alternative scenario

The downside breakout of 2485 would call for 2438 and 2409.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2497 and 2473).

Supports and resistances

2670 **

2642 *

2614 **

2585

2525 last

2504

2485 **

2438 *

2409 **

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