Ether / USD may rise to 3924 - 3979

Our pivot point stands at 3742.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3742 would call for 3650 and 3595.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (3807) but under its 50 period moving average (3825).

Supports and resistances

4089 **

4034 *

3979 **

3924

3815 last

3778

3742 **

3650 *

3595 **

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