Ether / USD may fall to 3648 - 3705

Our pivot point stands at 3913.

Our preference

The downside prevails as long as 3913 is resistance.

Alternative scenario

The upside breakout of 3913, would call for 4010 and 4068.

Comment

The RSI is below 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 3872 and 3900).

Supports and resistances

4068 **

4010 *

3913 **

3875

3830 last

3705

3648 **

3591 *

3533 **

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