Ether / USD may rise to 3569 - 3614

3419 is our pivot point.

Our preference

The upside prevails as long as 3419 is support.

Alternative scenario

The downside breakout of 3419 would call for 3344 and 3299.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3439 and 3383).

Supports and resistances

3703 **

3659 *

3614 **

3569

3480 last

3448

3419 **

3344 *

3299 **

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