Ether / USD may rise to 2687 - 2716

Our pivot point is at 2587.

Our preference

Rebound towards 2716.

Alternative scenario

The downside breakout of 2587 would call for 2539 and 2510.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (2624) but under its 50 period moving average (2641).

Supports and resistances

2774 **

2745 *

2716 **

2687

2628 last

2606

2587 **

2539 *

2510 **

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