Ether / USD may fall to 3243 - 3286

Our pivot point stands at 3433.

Our preference

The downside prevails as long as 3433 is resistance.

Alternative scenario

Above 3433, look for 3505 and 3548.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 3414 and 3433).

Supports and resistances

3548 **

3505 *

3433 **

3405

3375 last

3286

3243 **

3200 *

3157 **

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