Ether / USD may rise to 3589 - 3634

Our pivot point is at 3408.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3408 would call for 3334 and 3289.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3470 and 3470).

Supports and resistances

3724 **

3679 *

3634 **

3589

3467 last

3438

3408 **

3334 *

3289 **

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