Ether / USD may rise to 2688 - 2717

Our pivot point stands at 2588.

Our preference

As long as 2588 is support look for 2717.

Alternative scenario

The downside breakout of 2588 would call for 2538 and 2509.

Comment

The RSI is above 50. 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 2625 and 2573).

Supports and resistances

2776 **

2747 *

2717 **

2688

2628 last

2607

2588 **

2538 *

2509 **

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