Ether / USD may rise to 3234 - 3503

Our pivot point stands at 2278.

Our preference

Rebound towards 3503.

Alternative scenario

Below 2278, expect 1838 and 1575.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (2661) but under its 50 period moving average (3023).

Supports and resistances

4042 **

3773 *

3503 **

3234

2662 last

2451

2278 **

1838 *

1575 **

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