Ether / USD may rise to 3490 - 3533

Our pivot point stands at 3329.

Our preference

Rebound towards 3533.

Alternative scenario

The downside breakout of 3329 would call for 3257 and 3214.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3407 and 3445).

Supports and resistances

3620 **

3577 *

3533 **

3490

3398 last

3358

3329 **

3257 *

3214 **

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