*Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Ether / Dollar may rise 165 - 248 pips
Our pivot point stands at 4294.
Our preference
The upside prevails as long as 4294 is support.
Alternative scenario
Below 4294, expect 4156 and 4073.
Comment
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4366 and 4340).
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