Ether / USD may rise to 3883 - 3938

Our pivot point stands at 3699.

Our preference

Rebound towards 3938.

Alternative scenario

The downside breakout of 3699 would call for 3608 and 3553.

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 stands above its 20 period moving average (3770) but below its 50 period moving average (3794).

Supports and resistances

4047 **

3992 *

3938 **

3883

3775 last

3735

3699 **

3608 *

3553 **

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