Ether / USD may rise to 3689 - 3737

Our pivot point is at 3523.

Our preference

The upside prevails as long as 3523 is support.

Alternative scenario

The downside breakout of 3523 would call for 3444 and 3397.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3580 and 3567).

Supports and resistances

3832 **

3784 *

3737 **

3689

3591 last

3555

3523 **

3444 *

3397 **

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