Ether / USD may fall to 3640 - 3695

3876 is our pivot point.

Our preference

Target 3640.

Alternative scenario

Above 3876, look for 3968 and 4023.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (3809) but above its 50 period moving average (3797).

Supports and resistances

4023 **

3968 *

3876 **

3840

3804 last

3695

3640 **

3585 *

3530 **

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