Ether / USD may fall to 3344 - 3388

Our pivot point stands at 3536.

Our preference

The downside prevails as long as 3536 is resistance.

Alternative scenario

The upside breakout of 3536, would call for 3611 and 3655.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3483 and 3496).

Supports and resistances

3655 **

3611 *

3536 **

3507

3476 last

3388

3344 **

3300 *

3256 **

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