Ether / USD may rise to 3870 - 3927

3670 is our pivot point.

Our preference

The upside prevails as long as 3670 is support.

Alternative scenario

The downside breakout of 3670 would call for 3575 and 3518.

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 trading above both its 20 and 50 period moving average (respectively at 3736 and 3715).

Supports and resistances

4041 **

3984 *

3927 **

3870

3747 last

3707

3670 **

3575 *

3518 **

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