Ether / USD may fall to 2605 - 2635

Our pivot point stands at 2736.

Our preference

The downside prevails as long as 2736 is resistance.

Alternative scenario

Above 2736, look for 2786 and 2816.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2719 and 2715).

Supports and resistances

2816 **

2786 *

2736 **

2716

2695 last

2635

2605 **

2575 *

2545 **

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