Ether / USD may fall to 2557 - 2586

Our pivot point is at 2688.

Our preference

The downside prevails as long as 2688 is resistance.

Alternative scenario

Above 2688, look for 2738 and 2768.

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 2666 and 2693).

Supports and resistances

2768 **

2738 *

2688 **

2669

2649 last

2586

2557 **

2527 *

2497 **

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