Ether / USD may rise to 3445 - 3488

Our pivot point stands at 3289.

Our preference

The upside prevails as long as 3289 is support.

Alternative scenario

Below 3289, expect 3217 and 3175.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 3299 and 3271).

Supports and resistances

3574 **

3531 *

3488 **

3445

3356 last

3318

3289 **

3217 *

3175 **

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