Ether / USD may fall to 2533 - 2571

Our pivot point stands at 2698.

Our preference

Target 2533.

Alternative scenario

Above 2698, look for 2762 and 2800.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2664) but above its 50 period moving average (2635).

Supports and resistances

2800 **

2762 *

2698 **

2673

2647 last

2571

2533 **

2495 *

2456 **

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