Ether / USD may rise to 3637 - 3682

Our pivot point stands at 3477.

Our preference

As long as 3477 is support look for 3682.

Alternative scenario

The downside breakout of 3477 would call for 3401 and 3356.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3541 and 3523).

Supports and resistances

3772 **

3727 *

3682 **

3637

3542 last

3506

3477 **

3401 *

3356 **

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