Ether / USD may fall to 2522 - 2552

Our pivot point stands at 2651.

Our preference

Target 2522.

Alternative scenario

The upside breakout of 2651, would call for 2700 and 2729.

Comment

The RSI is below 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 (2624) but above its 50 period moving average (2586).

Supports and resistances

2729 **

2700 *

2651 **

2631

2611 last

2552

2522 **

2493 *

2464 **

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