Ether / USD may fall to 3375 - 3422

Our pivot point stands at 3575.

Our preference

The downside prevails as long as 3575 is resistance.

Alternative scenario

Above 3575, look for 3653 and 3700.

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 3542 and 3556).

Supports and resistances

3700 **

3653 *

3575 **

3545

3514 last

3422

3375 **

3329 *

3283 **

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