Ether / USD may fall to 3307 - 3351

Our pivot point stands at 3500.

Our preference

Under pressure below 3500.

Alternative scenario

The upside breakout of 3500, would call for 3573 and 3617.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3443 and 3446).

Supports and resistances

3617 **

3573 *

3500 **

3471

3441 last

3351

3307 **

3264 *

3220 **

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