Ether / USD may fall to 2497 - 2535

Our pivot point is at 2665.

Our preference

The downside prevails as long as 2665 is resistance.

Alternative scenario

The upside breakout of 2665, would call for 2729 and 2767.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2642 and 2671).

Supports and resistances

2767 **

2729 *

2665 **

2639

2614 last

2535

2497 **

2459 *

2421 **

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