Ether / USD may fall to 3565 - 3621

Our pivot point is at 3808.

Our preference

The downside prevails as long as 3808 is resistance.

Alternative scenario

The upside breakout of 3808, would call for 3902 and 3958.

Comment

The RSI is below 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 3748 and 3756).

Supports and resistances

3958 **

3902 *

3808 **

3771

3734 last

3621

3565 **

3509 *

3453 **

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