Ether / USD may rise to 3789 - 3842

Our pivot point stands at 3611.

Our preference

Rebound towards 3842.

Alternative scenario

The downside breakout of 3611 would call for 3521 and 3469.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3685 and 3741).

Supports and resistances

3948 **

3895 *

3842 **

3789

3683 last

3645

3611 **

3521 *

3469 **

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