Ether / USD may rise to 3403 - 3446

Our pivot point is at 3257.

Our preference

The upside prevails as long as 3257 is support.

Alternative scenario

The downside breakout of 3257 would call for 3186 and 3144.

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 trading above both its 20 and 50 period moving average (respectively at 3286 and 3304). Finally, the Ether / Dollar has crossed above its upper Bollinger band (3313).

Supports and resistances

3531 **

3488 *

3446 **

3403

3318 last

3285

3257 **

3186 *

3144 **

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