Ether / USD may rise to 3479 - 3522

Our pivot point is at 3318.

Our preference

Rebound.

Alternative scenario

The downside breakout of 3318 would call for 3247 and 3204.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (3370) but under its 50 period moving average (3386).

Supports and resistances

3608 **

3565 *

3522 **

3479

3382 last

3347

3318 **

3247 *

3204 **

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