Ether / USD may rise to 3379 - 3422

Our pivot point stands at 3238.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3238 would call for 3167 and 3124.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (3280) but under its 50 period moving average (3306).

Supports and resistances

3506 **

3464 *

3422 **

3379

3295 last

3265

3238 **

3167 *

3124 **

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