Ether / USD may fall to 2493 - 2522

Our pivot point stands at 2626.

Our preference

The downside prevails as long as 2626 is resistance.

Alternative scenario

Above 2626, look for 2675 and 2704.

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 2595 and 2609).

Supports and resistances

2704 **

2675 *

2626 **

2607

2587 last

2522

2493 **

2464 *

2435 **

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