Ether / USD may rise to 2702 - 2732

Our pivot point stands at 2598.

Our preference

The upside prevails as long as 2598 is support.

Alternative scenario

Below 2598, expect 2549 and 2519.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2605 and 2614). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 2633).

Supports and resistances

2791 **

2761 *

2732 **

2702

2637 last

2618

2598 **

2549 *

2519 **

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