Ether / USD may rise to 3358 - 3400

Our pivot point is at 3211.

Our preference

The upside prevails as long as 3211 is support.

Alternative scenario

The downside breakout of 3211 would call for 3140 and 3098.

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 above its 20 and 50 period moving average (respectively at 3238 and 3256).

Supports and resistances

3484 **

3442 *

3400 **

3358

3267 last

3238

3211 **

3140 *

3098 **

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