Ether / USD may fall to 3679 - 3735

Our pivot point stands at 3919.

Our preference

Target 3679.

Alternative scenario

The upside breakout of 3919, would call for 4012 and 4068.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (3857) but above its 50 period moving average (3836).

Supports and resistances

4068 **

4012 *

3919 **

3883

3846 last

3735

3679 **

3624 *

3569 **

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