Ether / USD may fall to 3221 - 3264

Our pivot point stands at 3419.

Our preference

The downside prevails as long as 3419 is resistance.

Alternative scenario

Above 3419, look for 3492 and 3535.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3442 and 3406).

Supports and resistances

3535 **

3492 *

3419 **

3391

3361 last

3264

3221 **

3178 *

3135 **

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