Ether / USD may rise to 2612 - 2640

Our pivot point is at 2514.

Our preference

The upside prevails as long as 2514 is support.

Alternative scenario

The downside breakout of 2514 would call for 2467 and 2438.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2534 and 2545).

Supports and resistances

2696 **

2668 *

2640 **

2612

2551 last

2532

2514 **

2467 *

2438 **

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