Ether / USD may fall to 3311 - 3353

Our pivot point stands at 3493.

Our preference

The downside prevails as long as 3493 is resistance.

Alternative scenario

Above 3493, look for 3562 and 3603.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3445 and 3457).

Supports and resistances

3603 **

3562 *

3493 **

3466

3435 last

3353

3311 **

3270 *

3229 **

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