Ether / USD may rise to 3924 - 3981

Our pivot point stands at 3732.

Our preference

As long as 3732 is support look for 3981.

Alternative scenario

The downside breakout of 3732 would call for 3636 and 3579.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (3813) but above its 50 period moving average (3801).

Supports and resistances

4096 **

4039 *

3981 **

3924

3808 last

3770

3732 **

3636 *

3579 **

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