Ether / USD may fall to 3266 - 3309

Our pivot point is at 3467.

Our preference

The downside prevails as long as 3467 is resistance.

Alternative scenario

The upside breakout of 3467, would call for 3541 and 3584.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3430 and 3425).

Supports and resistances

3584 **

3541 *

3467 **

3438

3409 last

3309

3266 **

3222 *

3179 **

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