Ether / USD may fall to 2609 - 2648

2779 is our pivot point.

Our preference

The downside prevails as long as 2779 is resistance.

Alternative scenario

The upside breakout of 2779, would call for 2845 and 2884.

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 2740 and 2754).

Supports and resistances

2884 **

2845 *

2779 **

2753

2727 last

2648

2609 **

2570 *

2530 **

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