Ether / USD may fall to 2368 - 2399

Our pivot point is at 2505.

Our preference

The downside prevails as long as 2505 is resistance.

Alternative scenario

Above 2505, look for 2558 and 2590.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2496 and 2492).

Supports and resistances

2590 **

2558 *

2505 **

2484

2464 last

2399

2368 **

2336 *

2304 **

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