Ether / USD may fall to 2505 - 2534

Our pivot point is at 2636.

Our preference

The downside prevails as long as 2636 is resistance.

Alternative scenario

The upside breakout of 2636, would call for 2685 and 2714.

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 2605 and 2615).

Supports and resistances

2714 **

2685 *

2636 **

2617

2598 last

2534

2505 **

2476 *

2447 **

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