Ether / USD may rise to 3659 - 3706

Our pivot point stands at 3500.

Our preference

As long as 3500 is support look for 3706.

Alternative scenario

Below 3500, expect 3421 and 3374.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 3560 and 3553).

Supports and resistances

3800 **

3753 *

3706 **

3659

3563 last

3531

3500 **

3421 *

3374 **

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