Ether / Dollar intraday: as long as 3620 is support look for 3835
Our pivot point is at 3620.
Our preference: as long as 3620 is support look for 3835.
Alternative scenario: below 3620, expect 3539 and 3491.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 3649 and 3527).
Supports and resistances:
3931 **
3883 *
3835 **
3787
3686 last
3652
3620 **
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