Ether / USD may fall to 3400 - 3447

Our pivot point stands at 3628.

Our preference

Target 3400.

Alternative scenario

The upside breakout of 3628, would call for 3707 and 3754.

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 trading under its 20 period moving average (3590) but above its 50 period moving average (3538).

Supports and resistances

3754 **

3707 *

3628 **

3597

3545 last

3447

3400 **

3353 *

3307 **

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