Ether / USD may rise to 3968 - 4024

Our pivot point stands at 3768.

Our preference

The upside prevails as long as 3768 is support.

Alternative scenario

The downside breakout of 3768 would call for 3675 and 3620.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3816 and 3811).

Supports and resistances

4135 **

4079 *

4024 **

3968

3857 last

3804

3768 **

3675 *

3620 **

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