Ether / USD may fall to 2441 - 2473

Our pivot point stands at 2595.

Our preference

The downside prevails as long as 2595 is resistance.

Alternative scenario

The upside breakout of 2595, would call for 2650 and 2683.

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 2580 and 2623).

Supports and resistances

2683 **

2650 *

2595 **

2574

2541 last

2473

2441 **

2408 *

2376 **

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