Ether / USD may fall to 3257 - 3301

Our pivot point is at 3450.

Our preference

The downside prevails as long as 3450 is resistance.

Alternative scenario

The upside breakout of 3450, would call for 3523 and 3566.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3415 and 3453).

Supports and resistances

3566 **

3523 *

3450 **

3421

3390 last

3301

3257 **

3214 *

3170 **

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