Ether / USD may rise to 3531 - 3575

Our pivot point stands at 3372.

Our preference

The upside prevails as long as 3372 is support.

Alternative scenario

The downside breakout of 3372 would call for 3298 and 3254.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3416 and 3438). Finally, the Ether / Dollar has crossed above its upper Bollinger band (3443).

Supports and resistances

3663 **

3619 *

3575 **

3531

3443 last

3401

3372 **

3298 *

3254 **

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