Ether / USD may rise to 3131 - 3168

Our pivot point stands at 3004.

Our preference

The upside prevails as long as 3004 is support.

Alternative scenario

The downside breakout of 3004 would call for 2943 and 2906.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3025 and 3000).

Supports and resistances

3241 **

3205 *

3168 **

3131

3054 last

3029

3004 **

2943 *

2906 **

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