Ether / USD may rise to 3217 - 3258

Our pivot point stands at 3072.

Our preference

The upside prevails as long as 3072 is support.

Alternative scenario

The downside breakout of 3072 would call for 3004 and 2964.

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 3113 and 3100).

Supports and resistances

3338 **

3298 *

3258 **

3217

3128 last

3098

3072 **

3004 *

2964 **

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