Ether / USD may rise to 3591 - 3638

Our pivot point is at 3420.

Our preference

Rebound towards 3638.

Alternative scenario

The downside breakout of 3420 would call for 3343 and 3297.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3500 and 3564).

Supports and resistances

3730 **

3684 *

3638 **

3591

3499 last

3451

3420 **

3343 *

3297 **

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