Ether / USD may fall to 1834 - 2100

Our pivot point stands at 3102.

Our preference

The downside prevails as long as 3102 is resistance.

Alternative scenario

The upside breakout of 3102, would call for 3566 and 3842.

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 2880 and 3132).

Supports and resistances

3842 **

3566 *

3102 **

2919

2642 last

2100

1834 **

1569 *

1303 **

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