Ether / USD may fall to 3531 - 3585

Our pivot point stands at 3761.

Our preference

Target 3531.

Alternative scenario

Above 3761, look for 3850 and 3903.

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 trading under its 20 period moving average (3700) but above its 50 period moving average (3690).

Supports and resistances

3903 **

3850 *

3761 **

3726

3691 last

3585

3531 **

3478 *

3425 **

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