Ether / USD may rise to 3791 - 3845

Our pivot point stands at 3614.

Our preference

Our next up target stands at 3845.

Alternative scenario

The downside breakout of 3614 would call for 3525 and 3471.

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 both its 20 and 50 period moving average (respectively at 3676 and 3682).

Supports and resistances

3951 **

3898 *

3845 **

3791

3684 last

3649

3614 **

3525 *

3471 **

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