Ether / USD may fall to 2523 - 2553

2657 is our pivot point.

Our preference

Target 2523.

Alternative scenario

Above 2657, look for 2706 and 2735.

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 trading under its 20 period moving average (2619) but above its 50 period moving average (2610).

Supports and resistances

2735 **

2706 *

2657 **

2637

2613 last

2553

2523 **

2494 *

2465 **

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