Ether / USD may rise to 3579 - 3625

3425 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3425 would call for 3347 and 3302.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (3474) but under its 50 period moving average (3489).

Supports and resistances

3717 **

3671 *

3625 **

3579

3487 last

3455

3425 **

3347 *

3302 **

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