Ether / USD may fall to 3044 - 3084

Our pivot point is at 3219.

Our preference

Target 3044.

Alternative scenario

Above 3219, look for 3287 and 3328.

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 above both its 20 and 50 period moving average (respectively at 3165 and 3162).

Supports and resistances

3328 **

3287 *

3219 **

3192

3166 last

3084

3044 **

3003 *

2963 **

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