Ether / USD may fall to 2991 - 3032

3174 is our pivot point.

Our preference

Under pressure below 3174.

Alternative scenario

The upside breakout of 3174, would call for 3241 and 3281.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3143 and 3119).

Supports and resistances

3281 **

3241 *

3174 **

3147

3116 last

3032

2991 **

2951 *

2911 **

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