Ether / USD may rise to 3794 - 3847

Our pivot point is at 3611.

Our preference

Rebound towards 3847.

Alternative scenario

The downside breakout of 3611 would call for 3522 and 3469.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3684 and 3686).

Supports and resistances

3953 **

3900 *

3847 **

3794

3681 last

3646

3611 **

3522 *

3469 **

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