Ether / USD may fall to 2506 - 2544

Our pivot point is at 2672.

Our preference

The downside prevails as long as 2672 is resistance.

Alternative scenario

The upside breakout of 2672, would call for 2737 and 2775.

Comment

The RSI is below 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 2627 and 2644).

Supports and resistances

2775 **

2737 *

2672 **

2647

2621 last

2544

2506 **

2468 *

2430 **

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