Ether / USD may fall to 3723 - 3782

Our pivot point is at 3995.

Our preference

Target 3723.

Alternative scenario

The upside breakout of 3995, would call for 4094 and 4154.

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 trading under its 20 period moving average (3922) but above its 50 period moving average (3899).

Supports and resistances

4154 **

4094 *

3995 **

3956

3901 last

3782

3723 **

3664 *

3605 **

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