Ether / USD may fall to 2513 - 2542

Our pivot point stands at 2639.

Our preference

The downside prevails as long as 2639 is resistance.

Alternative scenario

Above 2639, look for 2688 and 2717.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2606 and 2613).

Supports and resistances

2717 **

2688 *

2639 **

2620

2601 last

2542

2513 **

2484 *

2455 **

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