Ether / USD may rise to 3914 - 3969

3725 is our pivot point.

Our preference

Look for a drop towards 3725 before a bounce.

Alternative scenario

Below 3725, expect 3633 and 3579.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (3810) but above its 50 period moving average (3793).

Supports and resistances

4078 **

4024 *

3969 **

3914

3805 last

3761

3725 **

3633 *

3579 **

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