Ether / USD may fall to 3543 - 3599

Our pivot point stands at 3790.

Our preference

The downside prevails as long as 3790 is resistance.

Alternative scenario

Above 3790, look for 3884 and 3939.

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 3760 and 3771).

Supports and resistances

3939 **

3884 *

3790 **

3753

3716 last

3599

3543 **

3488 *

3432 **

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