Ether / USD may rise to 3516 - 3560

Our pivot point is at 3364.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3364 would call for 3290 and 3246.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (3412) but below its 50 period moving average (3450).

Supports and resistances

3648 **

3604 *

3560 **

3516

3428 last

3393

3364 **

3290 *

3246 **

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