Ether / USD may rise to 2701 - 2731

2598 is our pivot point.

Our preference

The upside prevails as long as 2598 is support.

Alternative scenario

Below 2598, expect 2549 and 2519.

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 trading above both its 20 and 50 period moving average (respectively at 2619 and 2617). Finally, the Ether / Dollar has crossed above its upper Bollinger band (2635).

Supports and resistances

2790 **

2760 *

2731 **

2701

2639 last

2618

2598 **

2549 *

2519 **

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