Ether / USD may rise to 3575 - 3619

3426 is our pivot point.

Our preference

The upside prevails as long as 3426 is support.

Alternative scenario

The downside breakout of 3426 would call for 3351 and 3306.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3459 and 3438).

Supports and resistances

3709 **

3664 *

3619 **

3575

3485 last

3456

3426 **

3351 *

3306 **

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