Ether / USD may rise to 3122 - 3159

Our pivot point stands at 2992.

Our preference

The upside prevails as long as 2992 is support.

Alternative scenario

Below 2992, expect 2931 and 2895.

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 trading above both its 20 and 50 period moving average (respectively at 2992 and 2966).

Supports and resistances

3232 **

3195 *

3159 **

3122

3042 last

3017

2992 **

2931 *

2895 **

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