Ether / USD may fall to 2521 - 2550

Our pivot point is at 2648.

Our preference

As long as 2648 is resistance look for 2521.

Alternative scenario

Above 2648, look for 2697 and 2727.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (2608) but under its 50 period moving average (2612).

Supports and resistances

2727 **

2697 *

2648 **

2629

2610 last

2550

2521 **

2491 *

2462 **

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