Ether / USD may rise to 3608 - 3653

Our pivot point stands at 3458.

Our preference

The upside prevails as long as 3458 is support.

Alternative scenario

The downside breakout of 3458 would call for 3382 and 3338.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3456 and 3438).

Supports and resistances

3742 **

3697 *

3653 **

3608

3519 last

3487

3458 **

3382 *

3338 **

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