Ether / USD may rise to 3617 - 3664

Our pivot point stands at 3463.

Our preference

The upside prevails as long as 3463 is support.

Alternative scenario

The downside breakout of 3463 would call for 3385 and 3338.

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 3497 and 3509). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 3522).

Supports and resistances

3757 **

3710 *

3664 **

3617

3524 last

3493

3463 **

3385 *

3338 **

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