Ether / USD may fall to 3374 - 3421

Our pivot point stands at 3588.

Our preference

The downside prevails as long as 3588 is resistance.

Alternative scenario

The upside breakout of 3588, would call for 3666 and 3712.

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 3542 and 3576).

Supports and resistances

3712 **

3666 *

3588 **

3557

3514 last

3421

3374 **

3328 *

3282 **

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