Ether / USD may fall to 3382 - 3427

Our pivot point is at 3576.

Our preference

Target 3382.

Alternative scenario

Above 3576, look for 3652 and 3697.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (3524) but above its 50 period moving average (3506).

Supports and resistances

3697 **

3652 *

3576 **

3547

3517 last

3427

3382 **

3337 *

3292 **

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