Ether / USD may rise to 2706 - 2736

Our pivot point stands at 2605.

Our preference

As long as 2605 is support look for 2736.

Alternative scenario

The downside breakout of 2605 would call for 2555 and 2526.

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 2642 and 2639).

Supports and resistances

2795 **

2765 *

2736 **

2706

2645 last

2624

2605 **

2555 *

2526 **

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