Ether / USD may rise to 3875 - 3932

Our pivot point stands at 3688.

Our preference

Rebound towards 3932.

Alternative scenario

The downside breakout of 3688 would call for 3593 and 3536.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (3761) but below its 50 period moving average (3802).

Supports and resistances

4045 **

3988 *

3932 **

3875

3762 last

3725

3688 **

3593 *

3536 **

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