Ether / USD may fall to 2287 - 2314

Our pivot point stands at 2406.

Our preference

The downside prevails as long as 2406 is resistance.

Alternative scenario

The upside breakout of 2406, would call for 2451 and 2477.

Comment

The RSI is below 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 2405 and 2426).

Supports and resistances

2477 **

2451 *

2406 **

2388

2370 last

2314

2287 **

2260 *

2234 **

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