Ether / USD may fall to 2619 - 2658

Our pivot point stands at 2793.

Our preference

The downside prevails as long as 2793 is resistance.

Alternative scenario

The upside breakout of 2793, would call for 2859 and 2899.

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 2746 and 2757).

Supports and resistances

2899 **

2859 *

2793 **

2767

2739 last

2658

2619 **

2579 *

2540 **

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