Ether / USD may rise to 3614 - 3661

Our pivot point stands at 3460.

Our preference

The upside prevails as long as 3460 is support.

Alternative scenario

The downside breakout of 3460 would call for 3382 and 3336.

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 3506 and 3503).

Supports and resistances

3754 **

3707 *

3661 **

3614

3522 last

3491

3460 **

3382 *

3336 **

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