Ether / USD may rise to 2807 - 2838

Our pivot point is at 2704.

Our preference

The upside prevails as long as 2704 is support.

Alternative scenario

Below 2704, expect 2652 and 2622.

Comment

The RSI is above its neutrality area at 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 2722 and 2681).

Supports and resistances

2899 **

2868 *

2838 **

2807

2745 last

2724

2704 **

2652 *

2622 **

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