Ether / USD may fall to 2525 - 2563

Our pivot point is at 2701.

Our preference

The downside prevails as long as 2701 is resistance.

Alternative scenario

Above 2701, look for 2766 and 2804.

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 stands below its 20 and 50 period moving average (respectively at 2663 and 2694).

Supports and resistances

2804 **

2766 *

2701 **

2675

2647 last

2563

2525 **

2486 *

2448 **

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