Ether / USD may fall to 2939 - 2979

Our pivot point is at 3111.

Our preference

The downside prevails as long as 3111 is resistance.

Alternative scenario

Above 3111, look for 3177 and 3216.

Comment

The RSI is below 50. 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 3060 and 3066).

Supports and resistances

3216 **

3177 *

3111 **

3085

3059 last

2979

2939 **

2900 *

2861 **

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