Ether / USD may rise to 3468 - 3511

Our pivot point is at 3315.

Our preference

As long as 3315 is support look for 3511.

Alternative scenario

The downside breakout of 3315 would call for 3242 and 3199.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 3369 and 3310).

Supports and resistances

3598 **

3554 *

3511 **

3468

3381 last

3343

3315 **

3242 *

3199 **

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