Ether / USD may fall to 2347 - 2374

Our pivot point stands at 2471.

Our preference

The downside prevails as long as 2471 is resistance.

Alternative scenario

Above 2471, look for 2517 and 2544.

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 2444 and 2438).

Supports and resistances

2544 **

2517 *

2471 **

2453

2434 last

2374

2347 **

2319 *

2292 **

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