Ether / USD may fall to 2980 - 3020

Our pivot point is at 3155.

Our preference

Target 2980.

Alternative scenario

The upside breakout of 3155, would call for 3222 and 3262.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (3105) but above its 50 period moving average (3096).

Supports and resistances

3262 **

3222 *

3155 **

3129

3100 last

3020

2980 **

2940 *

2900 **

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