Ether / USD may rise to 3542 - 3587

Our pivot point stands at 3393.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3393 would call for 3318 and 3274.

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 is trading above its 20 period moving average (3451) but under its 50 period moving average (3467).

Supports and resistances

3675 **

3631 *

3587 **

3542

3454 last

3422

3393 **

3318 *

3274 **

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