Ether / USD may fall to 2637 - 2677

Our pivot point stands at 2814.

Our preference

The downside prevails as long as 2814 is resistance.

Alternative scenario

The upside breakout of 2814, would call for 2880 and 2920.

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 is trading under both its 20 and 50 period moving average (respectively at 2762 and 2770).

Supports and resistances

2920 **

2880 *

2814 **

2787

2758 last

2677

2637 **

2598 *

2558 **

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