Ether / USD may fall to 3661 - 3719

3924 is our pivot point.

Our preference

The downside prevails as long as 3924 is resistance.

Alternative scenario

The upside breakout of 3924, would call for 4021 and 4078.

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 3893 and 3906). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3835).

Supports and resistances

4078 **

4021 *

3924 **

3885

3835 last

3719

3661 **

3603 *

3546 **

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