Ether / USD may rise to 3167 - 3207

Our pivot point stands at 3035.

Our preference

As long as 3035 is support look for 3207.

Alternative scenario

The downside breakout of 3035 would call for 2968 and 2928.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3083 and 3075).

Supports and resistances

3286 **

3247 *

3207 **

3167

3088 last

3061

3035 **

2968 *

2928 **

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