Ether / USD may fall to 3307 - 3351

Our pivot point stands at 3500.

Our preference

Under pressure below 3500.

Alternative scenario

Above 3500, look for 3574 and 3618.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3481 and 3471).

Supports and resistances

3618 **

3574 *

3500 **

3471

3442 last

3351

3307 **

3263 *

3219 **

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