Ether / USD may fall to 2359 - 2387

Our pivot point stands at 2484.

Our preference

Target 2359.

Alternative scenario

The upside breakout of 2484, would call for 2530 and 2557.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (2446) but above its 50 period moving average (2437).

Supports and resistances

2557 **

2530 *

2484 **

2465

2442 last

2387

2359 **

2332 *

2304 **

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