Ether / USD may fall to 2626 - 2656

Our pivot point is at 2763.

Our preference

Target 2626.

Alternative scenario

The upside breakout of 2763, would call for 2814 and 2845.

Comment

The RSI is below its neutrality area at 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 (2736) but above its 50 period moving average (2704).

Supports and resistances

2845 **

2814 *

2763 **

2743

2723 last

2656

2626 **

2595 *

2565 **

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