Ether / USD may fall to 2979 - 3019

Our pivot point is at 3154.

Our preference

The downside prevails as long as 3154 is resistance.

Alternative scenario

The upside breakout of 3154, would call for 3221 and 3261.

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 3119 and 3119).

Supports and resistances

3261 **

3221 *

3154 **

3127

3101 last

3019

2979 **

2939 *

2899 **

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