Ether / USD may rise to 3993 - 4051

Our pivot point is at 3797.

Our preference

The upside prevails as long as 3797 is support.

Alternative scenario

Below 3797, expect 3699 and 3641.

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 above its 20 and 50 period moving average (respectively at 3845 and 3853). Finally, the Ether / Dollar has crossed above its upper Bollinger band (3874).

Supports and resistances

4168 **

4109 *

4051 **

3993

3876 last

3836

3797 **

3699 *

3641 **

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