Ether / USD may rise to 2680 - 2710

2580 is our pivot point.

Our preference

As long as 2580 is support look for 2710.

Alternative scenario

The downside breakout of 2580 would call for 2531 and 2501.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2591 and 2530).

Supports and resistances

2769 **

2739 *

2710 **

2680

2620 last

2599

2580 **

2531 *

2501 **

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