Ether / USD may fall to 3400 - 3445

3601 is our pivot point.

Our preference

Under pressure below 3601.

Alternative scenario

Above 3601, look for 3677 and 3722.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3582 and 3563). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3541).

Supports and resistances

3722 **

3677 *

3601 **

3571

3537 last

3445

3400 **

3355 *

3310 **

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