Ether / USD may fall to 3350 - 3396

Our pivot point is at 3562.

Our preference

The downside prevails as long as 3562 is resistance.

Alternative scenario

Above 3562, look for 3640 and 3686.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3532 and 3554).

Supports and resistances

3686 **

3640 *

3562 **

3532

3492 last

3396

3350 **

3304 *

3258 **

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