Ether / USD may fall to 2997 - 3037

Our pivot point stands at 3176.

Our preference

The downside prevails as long as 3176 is resistance.

Alternative scenario

The upside breakout of 3176, would call for 3244 and 3284.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3145 and 3180).

Supports and resistances

3284 **

3244 *

3176 **

3150

3120 last

3037

2997 **

2957 *

2917 **

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