Ether / USD may rise to 3502 - 3545

Our pivot point stands at 3356.

Our preference

As long as 3356 is support look for 3545.

Alternative scenario

The downside breakout of 3356 would call for 3283 and 3240.

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 3404 and 3386).

Supports and resistances

3632 **

3588 *

3545 **

3502

3413 last

3384

3356 **

3283 *

3240 **

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