Ether / USD may rise to 2701 - 2730

Our pivot point stands at 2598.

Our preference

The upside prevails as long as 2598 is support.

Alternative scenario

The downside breakout of 2598 would call for 2549 and 2519.

Comment

The RSI is above 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 2621 and 2612).

Supports and resistances

2789 **

2760 *

2730 **

2701

2637 last

2618

2598 **

2549 *

2519 **

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