Ether / USD may rise to 3156 - 3196

Our pivot point stands at 3013.

Our preference

As long as 3013 is support look for 3196.

Alternative scenario

The downside breakout of 3013 would call for 2947 and 2907.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (3076) but above its 50 period moving average (3037).

Supports and resistances

3275 **

3235 *

3196 **

3156

3066 last

3039

3013 **

2947 *

2907 **

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