Ether / USD may rise to 3923 - 3978

Our pivot point is at 3740.

Our preference

As long as 3740 is support look for 3978.

Alternative scenario

The downside breakout of 3740 would call for 3648 and 3593.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3809 and 3783).

Supports and resistances

4087 **

4033 *

3978 **

3923

3813 last

3776

3740 **

3648 *

3593 **

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