Ether / USD may rise to 2701 - 2731

2601 is our pivot point.

Our preference

The upside prevails as long as 2601 is support.

Alternative scenario

Below 2601, expect 2551 and 2522.

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 2622 and 2618). Finally, the Ether / Dollar has crossed above its upper Bollinger band (2641).

Supports and resistances

2790 **

2760 *

2731 **

2701

2642 last

2620

2601 **

2551 *

2522 **

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