Ether / USD may fall to 3280 - 3324

Our pivot point stands at 3470.

Our preference

The downside prevails as long as 3470 is resistance.

Alternative scenario

The upside breakout of 3470, would call for 3544 and 3587.

Comment

The RSI is below its neutrality area at 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 3414 and 3428).

Supports and resistances

3587 **

3544 *

3470 **

3441

3412 last

3324

3280 **

3237 *

3193 **

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