Ether / USD may fall to 3628 - 3685

3875 is our pivot point.

Our preference

The downside prevails as long as 3875 is resistance.

Alternative scenario

Above 3875, look for 3971 and 4028.

Comment

The RSI is below its neutrality area at 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 3844 and 3852). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3803).

Supports and resistances

4028 **

3971 *

3875 **

3838

3800 last

3685

3628 **

3571 *

3514 **

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