Ether / USD may rise to 3892 - 3949

Our pivot point stands at 3703.

Our preference

Rebound towards 3949.

Alternative scenario

Below 3703, expect 3607 and 3551.

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 is trading under both its 20 and 50 period moving average (respectively at 3781 and 3792).

Supports and resistances

4063 **

4006 *

3949 **

3892

3778 last

3740

3703 **

3607 *

3551 **

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