Ether / USD may rise to 3878 - 3934

Our pivot point is at 3682.

Our preference

The upside prevails as long as 3682 is support.

Alternative scenario

Below 3682, expect 3587 and 3531.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3748 and 3759).

Supports and resistances

4048 **

3991 *

3934 **

3878

3763 last

3719

3682 **

3587 *

3531 **

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