Ether / USD may rise to 3588 - 3634

Our pivot point stands at 3434.

Our preference

The upside prevails as long as 3434 is support.

Alternative scenario

The downside breakout of 3434 would call for 3357 and 3311.

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 3481 and 3487).

Supports and resistances

3726 **

3680 *

3634 **

3588

3496 last

3465

3434 **

3357 *

3311 **

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