Ether / USD may fall to 3516 - 3569

3750 is our pivot point.

Our preference

Under pressure below 3750.

Alternative scenario

Above 3750, look for 3839 and 3892.

Comment

The RSI is below 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 both its 20 and 50 period moving average (respectively at 3680 and 3685).

Supports and resistances

3892 **

3839 *

3750 **

3715

3675 last

3569

3516 **

3463 *

3410 **

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