Ether / USD may rise to 4109 - 4419

Our pivot point stands at 3078.

Our preference

Our next up target stands at 4419.

Alternative scenario

The downside breakout of 3078 would call for 2558 and 2249.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3231 and 3462).

Supports and resistances

5038 **

4728 *

4419 **

4109

3489 last

3282

3078 **

2558 *

2249 **

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