Ether / USD may rise to 3910 - 3967

3720 is our pivot point.

Our preference

The upside prevails as long as 3720 is support.

Alternative scenario

The downside breakout of 3720 would call for 3624 and 3567.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3787 and 3789).

Supports and resistances

4081 **

4024 *

3967 **

3910

3796 last

3758

3720 **

3624 *

3567 **

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