Ether / USD may fall to 3699 - 3757

Our pivot point stands at 3956.

Our preference

The downside prevails as long as 3956 is resistance.

Alternative scenario

Above 3956, look for 4054 and 4112.

Comment

The RSI is below 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 3905 and 3907).

Supports and resistances

4112 **

4054 *

3956 **

3917

3878 last

3757

3699 **

3641 *

3583 **

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