Ether / USD may fall to 2572 - 2611

2744 is our pivot point.

Our preference

Target 2572.

Alternative scenario

The upside breakout of 2744, would call for 2810 and 2849.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2708) but above its 50 period moving average (2678).

Supports and resistances

2849 **

2810 *

2744 **

2719

2690 last

2611

2572 **

2533 *

2494 **

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