Ether / USD may rise to 3904 - 3961

3691 is our pivot point.

Our preference

Rise to 3961.

Alternative scenario

Below 3691, expect 3596 and 3539.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under its 20 period moving average (3774) but above its 50 period moving average (3765).

Supports and resistances

4074 **

4018 *

3961 **

3904

3772 last

3728

3691 **

3596 *

3539 **

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