Ether / USD may rise to 3981 - 4039

Our pivot point stands at 3784.

Our preference

The upside prevails as long as 3784 is support.

Alternative scenario

The downside breakout of 3784 would call for 3687 and 3629.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3852 and 3855).

Supports and resistances

4155 **

4097 *

4039 **

3981

3861 last

3823

3784 **

3687 *

3629 **

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