Ether / USD may fall to 2546 - 2579

Our pivot point stands at 2702.

Our preference

Target 2546.

Alternative scenario

Above 2702, look for 2759 and 2793.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2690) but above its 50 period moving average (2649).

Supports and resistances

2793 **

2759 *

2702 **

2680

2651 last

2579

2546 **

2512 *

2478 **

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