Ether / USD may fall to 3246 - 3289

3436 is our pivot point.

Our preference

The downside prevails as long as 3436 is resistance.

Alternative scenario

Above 3436, look for 3508 and 3551.

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 3382 and 3394).

Supports and resistances

3551 **

3508 *

3436 **

3408

3379 last

3289

3246 **

3204 *

3161 **

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