Ether / USD may rise to 3647 - 3693

Our pivot point stands at 3495.

Our preference

The upside prevails as long as 3495 is support.

Alternative scenario

The downside breakout of 3495 would call for 3419 and 3374.

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 3520 and 3459).

Supports and resistances

3783 **

3738 *

3693 **

3647

3557 last

3525

3495 **

3419 *

3374 **

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