Ether / USD may fall to 2824 - 2859

Our pivot point stands at 2983.

Our preference

The downside prevails as long as 2983 is resistance.

Alternative scenario

The upside breakout of 2983, would call for 3042 and 3077.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2969 and 3003).

Supports and resistances

3077 **

3042 *

2983 **

2960

2935 last

2859

2824 **

2789 *

2754 **

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