Ether / USD may fall to 2620 - 2659

2798 is our pivot point.

Our preference

The downside prevails as long as 2798 is resistance.

Alternative scenario

The upside breakout of 2798, would call for 2865 and 2905.

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 2755 and 2758).

Supports and resistances

2905 **

2865 *

2798 **

2772

2745 last

2659

2620 **

2580 *

2541 **

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