Ether / USD may rise to 3999 - 4058

Our pivot point is at 3800.

Our preference

The upside prevails as long as 3800 is support.

Alternative scenario

The downside breakout of 3800 would call for 3701 and 3643.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3850 and 3813).

Supports and resistances

4176 **

4117 *

4058 **

3999

3878 last

3839

3800 **

3701 *

3643 **

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