Ether / USD may fall to 3693 - 3751

3981 is our pivot point.

Our preference

As long as 3981 is resistance look for 3693.

Alternative scenario

Above 3981, look for 4080 and 4138.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (3871) but below its 50 period moving average (3888).

Supports and resistances

4138 **

4080 *

3981 **

3942

3876 last

3751

3693 **

3635 *

3576 **

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