Ether / USD may rise to 2697 - 2727

Our pivot point is at 2589.

Our preference

Rebound towards 2727.

Alternative scenario

The downside breakout of 2589 would call for 2540 and 2510.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2646 and 2669).

Supports and resistances

2786 **

2756 *

2727 **

2697

2637 last

2609

2589 **

2540 *

2510 **

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