Ether / USD may fall to 2772 - 2807

2939 is our pivot point.

Our preference

The downside prevails as long as 2939 is resistance.

Alternative scenario

Above 2939, look for 2998 and 3032.

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 2929 and 2975).

Supports and resistances

3032 **

2998 *

2939 **

2916

2893 last

2807

2772 **

2738 *

2703 **

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