Ether / USD may fall to 3601 - 3657

3849 is our pivot point.

Our preference

The downside prevails as long as 3849 is resistance.

Alternative scenario

The upside breakout of 3849, would call for 3945 and 4001.

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 3795 and 3797).

Supports and resistances

4001 **

3945 *

3849 **

3812

3771 last

3657

3601 **

3544 *

3488 **

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