Ether / USD may fall to 3594 - 3650

Our pivot point stands at 3847.

Our preference

The downside prevails as long as 3847 is resistance.

Alternative scenario

The upside breakout of 3847, would call for 3943 and 3999.

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 3783 and 3797).

Supports and resistances

3999 **

3943 *

3847 **

3810

3773 last

3650

3594 **

3537 *

3480 **

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