Ether / USD may fall to 2977 - 3017

Our pivot point stands at 3152.

Our preference

As long as 3152 is resistance look for 2977.

Alternative scenario

The upside breakout of 3152, would call for 3219 and 3259.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above its 20 period moving average (3096) but under its 50 period moving average (3100).

Supports and resistances

3259 **

3219 *

3152 **

3126

3096 last

3017

2977 **

2937 *

2897 **

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