Ether / USD may fall to 2498 - 2531

2655 is our pivot point.

Our preference

The downside prevails as long as 2655 is resistance.

Alternative scenario

The upside breakout of 2655, would call for 2711 and 2744.

Comment

The RSI is below 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 2636 and 2638).

Supports and resistances

2744 **

2711 *

2655 **

2633

2608 last

2531

2498 **

2464 *

2431 **

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