Ether / USD may fall to 2523 - 2553

Our pivot point stands at 2652.

Our preference

The downside prevails as long as 2652 is resistance.

Alternative scenario

The upside breakout of 2652, would call for 2701 and 2730.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2620 and 2619).

Supports and resistances

2730 **

2701 *

2652 **

2632

2613 last

2553

2523 **

2494 *

2465 **

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