Ether / USD may fall to 2467 - 2761

Our pivot point stands at 3740.

Our preference

The downside prevails as long as 3740 is resistance.

Alternative scenario

The upside breakout of 3740, would call for 4234 and 4529.

Comment

The RSI is below 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 3546 and 3482).

Supports and resistances

4529 **

4234 *

3740 **

3545

3350 last

2761

2467 **

2173 *

1878 **

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