Ether / USD may fall to 2409 - 2445

2572 is our pivot point.

Our preference

Target 2409.

Alternative scenario

The upside breakout of 2572, would call for 2634 and 2671.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2524) but above its 50 period moving average (2502).

Supports and resistances

2671 **

2634 *

2572 **

2547

2519 last

2445

2409 **

2372 *

2335 **

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