Ether / USD may fall to 2362 - 2389

Our pivot point is at 2487.

Our preference

The downside prevails as long as 2487 is resistance.

Alternative scenario

Above 2487, look for 2533 and 2561.

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 2456 and 2459).

Supports and resistances

2561 **

2533 *

2487 **

2469

2444 last

2389

2362 **

2334 *

2307 **

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