Ether / USD may rise to 3264 - 3305

3123 is our pivot point.

Our preference

The upside prevails as long as 3123 is support.

Alternative scenario

The downside breakout of 3123 would call for 3055 and 3014.

Comment

The RSI is above 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 3129 and 3113).

Supports and resistances

3387 **

3346 *

3305 **

3264

3178 last

3150

3123 **

3055 *

3014 **

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