Ether / USD may fall to 3578 - 3634

Our pivot point stands at 3822.

Our preference

The downside prevails as long as 3822 is resistance.

Alternative scenario

Above 3822, look for 3917 and 3973.

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 3769 and 3762).

Supports and resistances

3973 **

3917 *

3822 **

3785

3748 last

3634

3578 **

3521 *

3465 **

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