Ether / USD may rise to 3649 - 3696

Our pivot point stands at 3488.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3488 would call for 3409 and 3363.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (3524) but below its 50 period moving average (3561).

Supports and resistances

3789 **

3742 *

3696 **

3649

3553 last

3519

3488 **

3409 *

3363 **

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