Ether / USD may fall to 3384 - 3429

Our pivot point stands at 3581.

Our preference

The downside prevails as long as 3581 is resistance.

Alternative scenario

The upside breakout of 3581, would call for 3657 and 3701.

Comment

The RSI is below its neutrality area at 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 3543 and 3557).

Supports and resistances

3701 **

3657 *

3581 **

3552

3519 last

3429

3384 **

3340 *

3295 **

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