Ether / USD may rise to 3534 - 3577

Our pivot point is at 3383.

Our preference

Rebound towards 3577.

Alternative scenario

The downside breakout of 3383 would call for 3309 and 3265.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3451 and 3495).

Supports and resistances

3665 **

3621 *

3577 **

3534

3446 last

3411

3383 **

3309 *

3265 **

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