Ether / USD may rise to 3564 - 3608

Our pivot point is at 3411.

Our preference

As long as 3411 is support look for 3608.

Alternative scenario

The downside breakout of 3411 would call for 3337 and 3293.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (3476) but above its 50 period moving average (3448).

Supports and resistances

3696 **

3652 *

3608 **

3564

3471 last

3440

3411 **

3337 *

3293 **

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