$ETH may fall 94.00- 140.00 USD
Our preference:
The downside prevails as long as 3752 is resistance.
3874.00 Resistance
3829.00 Resistance..
3752.00 Resistance.
3691.00 Last
3752.00 Pivot
3597.00 Support.
3551.00 Support ..
3506.00 Support ...
Comment:
The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3731 and 3797).
Alternative scenario:
The upside breakout of 3752, would call for 3829 and 3874.