Ether / USD may fall to 2466 - 2503

Our pivot point is at 2627.

Our preference

The downside prevails as long as 2627 is resistance.

Alternative scenario

The upside breakout of 2627, would call for 2689 and 2726.

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 2588 and 2590).

Supports and resistances

2726 **

2689 *

2627 **

2602

2578 last

2503

2466 **

2429 *

2392 **

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