Ether / USD may rise to 2983 - 3021

Our pivot point is at 2838.

Our preference

Rebound towards 3021.

Alternative scenario

The downside breakout of 2838 would call for 2776 and 2739.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2909 and 2938). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2895).

Supports and resistances

3095 **

3058 *

3021 **

2983

2892 last

2863

2838 **

2776 *

2739 **

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