Ether / USD may fall to 3400 - 3447

Our pivot point is at 3602.

Our preference

The downside prevails as long as 3602 is resistance.

Alternative scenario

The upside breakout of 3602, would call for 3680 and 3727.

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 3566 and 3555).

Supports and resistances

3727 **

3680 *

3602 **

3571

3540 last

3447

3400 **

3353 *

3307 **

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