Ether / USD may fall to 3329 - 3373

Our pivot point stands at 3548.

Our preference

The downside prevails as long as 3548 is resistance.

Alternative scenario

Above 3548, look for 3623 and 3668.

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 3520 and 3505). Finally, the Ether / Dollar has penetrated its lower Bollinger band (3484).

Supports and resistances

3668 **

3623 *

3548 **

3518

3470 last

3373

3329 **

3284 *

3240 **

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