Ether / USD may rise to 3615 - 3660

3432 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3432 would call for 3358 and 3314.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (3503) but under its 50 period moving average (3525).

Supports and resistances

3750 **

3705 *

3660 **

3615

3516 last

3462

3432 **

3358 *

3314 **

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