Ether / USD may fall to 3260 - 3303

3450 is our pivot point.

Our preference

The downside prevails as long as 3450 is resistance.

Alternative scenario

The upside breakout of 3450, would call for 3522 and 3565.

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 3397 and 3390).

Supports and resistances

3565 **

3522 *

3450 **

3422

3389 last

3303

3260 **

3217 *

3174 **

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