Ether / USD may fall to 3313 - 3357

Our pivot point is at 3513.

Our preference

The downside prevails as long as 3513 is resistance.

Alternative scenario

The upside breakout of 3513, would call for 3587 and 3630.

Comment

The RSI is below its neutrality area at 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 3484 and 3515).

Supports and resistances

3630 **

3587 *

3513 **

3484

3448 last

3357

3313 **

3269 *

3225 **

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