Ether / USD may fall to 2542 - 2580

Our pivot point is at 2721.

Our preference

The downside prevails as long as 2721 is resistance.

Alternative scenario

Above 2721, look for 2787 and 2826.

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 2690 and 2705).

Supports and resistances

2826 **

2787 *

2721 **

2696

2670 last

2580

2542 **

2503 *

2464 **

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