Ether / USD may fall to 2488 - 2526

Our pivot point is at 2658.

Our preference

The downside prevails as long as 2658 is resistance.

Alternative scenario

The upside breakout of 2658, would call for 2721 and 2759.

Comment

The RSI is below its neutrality area at 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 2618 and 2624).

Supports and resistances

2759 **

2721 *

2658 **

2633

2608 last

2526

2488 **

2451 *

2413 **

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