Ether / USD may rise to 3367 - 3406

Our pivot point is at 3223.

Our preference

Rebound towards 3406.

Alternative scenario

The downside breakout of 3223 would call for 3157 and 3118.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3301 and 3351).

Supports and resistances

3485 **

3446 *

3406 **

3367

3287 last

3249

3223 **

3157 *

3118 **

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