Ether / USD may rise to 3578 - 3623

Our pivot point stands at 3420.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3420 would call for 3345 and 3300.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (3475) but below its 50 period moving average (3496).

Supports and resistances

3712 **

3667 *

3623 **

3578

3488 last

3449

3420 **

3345 *

3300 **

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