Ether / USD may rise to 3654 - 3701

3497 is our pivot point.

Our preference

As long as 3497 is support look for 3701.

Alternative scenario

The downside breakout of 3497 would call for 3418 and 3371.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3555 and 3517).

Supports and resistances

3795 **

3748 *

3701 **

3654

3560 last

3528

3497 **

3418 *

3371 **

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