Ether / USD may rise to 3711 - 3759

3543 is our pivot point.

Our preference

The upside prevails as long as 3543 is support.

Alternative scenario

Below 3543, expect 3463 and 3415.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 3540 and 3511). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 3614).

Supports and resistances

3854 **

3806 *

3759 **

3711

3615 last

3574

3543 **

3463 *

3415 **

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