Ether / USD may fall to 3525 - 3578

Our pivot point stands at 3756.

Our preference

The downside prevails as long as 3756 is resistance.

Alternative scenario

Above 3756, look for 3846 and 3899.

Comment

The RSI is below 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 3697 and 3692).

Supports and resistances

3899 **

3846 *

3756 **

3721

3686 last

3578

3525 **

3472 *

3419 **

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