Ether / USD may fall to 3641 - 3698

Our pivot point stands at 3914.

Our preference

The downside prevails as long as 3914 is resistance.

Alternative scenario

The upside breakout of 3914, would call for 4011 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 3858 and 3863).

Supports and resistances

4068 **

4011 *

3914 **

3876

3838 last

3698

3641 **

3584 *

3526 **

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