Ether / USD may fall to 2503 - 2540

2667 is our pivot point.

Our preference

Target 2503.

Alternative scenario

Above 2667, look for 2730 and 2768.

Comment

The RSI is below 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 trading under its 20 period moving average (2629) but above its 50 period moving average (2609).

Supports and resistances

2768 **

2730 *

2667 **

2642

2616 last

2540

2503 **

2465 *

2427 **

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