Ether / USD may rise to 2600 - 2628

Our pivot point stands at 2504.

Our preference

Rebound.

Alternative scenario

Below 2504, expect 2457 and 2429.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (2511) but under its 50 period moving average (2556).

Supports and resistances

2685 **

2656 *

2628 **

2600

2543 last

2523

2504 **

2457 *

2429 **

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