Ether / USD may rise to 2579 - 2607

Our pivot point stands at 2484.

Our preference

Rebound towards 2607.

Alternative scenario

The downside breakout of 2484 would call for 2437 and 2409.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (2511) but under its 50 period moving average (2563).

Supports and resistances

2663 **

2635 *

2607 **

2579

2520 last

2502

2484 **

2437 *

2409 **

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