Ether / USD may fall to 3111 - 3152

Our pivot point is at 3313.

Our preference

The downside prevails as long as 3313 is resistance.

Alternative scenario

Above 3313, look for 3383 and 3425.

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 is trading under both its 20 and 50 period moving average (respectively at 3280 and 3271).

Supports and resistances

3425 **

3383 *

3313 **

3285

3255 last

3152

3111 **

3069 *

3028 **

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