Ether / USD may rise to 4517 - 4893

Our pivot point stands at 3268.

Our preference

As long as 3268 is support look for 4893.

Alternative scenario

The downside breakout of 3268 would call for 2638 and 2262.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 3631 and 3294).

Supports and resistances

5644 **

5268 *

4893 **

4517

3764 last

3516

3268 **

2638 *

2262 **

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