Ether / USD may fall to 2509 - 2547

Our pivot point is at 2680.

Our preference

The downside prevails as long as 2680 is resistance.

Alternative scenario

The upside breakout of 2680, would call for 2744 and 2782.

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 2633 and 2643).

Supports and resistances

2782 **

2744 *

2680 **

2654

2629 last

2547

2509 **

2471 *

2432 **

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