Ether / USD may fall to 2475 - 2513

Our pivot point stands at 2638.

Our preference

The downside prevails as long as 2638 is resistance.

Alternative scenario

Above 2638, look for 2701 and 2739.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2609 and 2634).

Supports and resistances

2739 **

2701 *

2638 **

2613

2588 last

2513

2475 **

2437 *

2400 **

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