Ether / USD may rise to 3500 - 3541

Our pivot point is at 3359.

Our preference

Rebound towards 3541.

Alternative scenario

The downside breakout of 3359 would call for 3290 and 3249.

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 stands below its 20 and 50 period moving average (respectively at 3427 and 3440).

Supports and resistances

3623 **

3582 *

3541 **

3500

3416 last

3386

3359 **

3290 *

3249 **

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