Ether / USD may rise to 3590 - 3634

Our pivot point is at 3430.

Our preference

As long as 3430 is support look for 3634.

Alternative scenario

The downside breakout of 3430 would call for 3355 and 3310.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3484 and 3451).

Supports and resistances

3724 **

3679 *

3634 **

3590

3500 last

3459

3430 **

3355 *

3310 **

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