Ether / USD may fall to 3516 - 3569

Our pivot point stands at 3750.

Our preference

The downside prevails as long as 3750 is resistance.

Alternative scenario

Above 3750, look for 3839 and 3892.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3693 and 3692).

Supports and resistances

3892 **

3839 *

3750 **

3715

3675 last

3569

3516 **

3463 *

3410 **

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