Ether / USD may rise to 3463 - 3506

Our pivot point stands at 3319.

Our preference

Rebound towards 3506.

Alternative scenario

The downside breakout of 3319 would call for 3247 and 3204.

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 3396 and 3444).

Supports and resistances

3591 **

3549 *

3506 **

3463

3377 last

3348

3319 **

3247 *

3204 **

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