Ether / USD may fall to 2627 - 2666

Our pivot point is at 2799.

Our preference

The downside prevails as long as 2799 is resistance.

Alternative scenario

The upside breakout of 2799, would call for 2866 and 2906.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2760 and 2760).

Supports and resistances

2906 **

2866 *

2799 **

2773

2747 last

2666

2627 **

2587 *

2547 **

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