Ether / USD may rise to 3507 - 3550

Our pivot point stands at 3349.

Our preference

Our next up target stands at 3550.

Alternative scenario

The downside breakout of 3349 would call for 3276 and 3232.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 3410 and 3419).

Supports and resistances

3638 **

3594 *

3550 **

3507

3419 last

3378

3349 **

3276 *

3232 **

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