Ether / USD may fall to 2534 - 2563

2659 is our pivot point.

Our preference

The downside prevails as long as 2659 is resistance.

Alternative scenario

The upside breakout of 2659, would call for 2708 and 2737.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2624 and 2630).

Supports and resistances

2737 **

2708 *

2659 **

2640

2621 last

2563

2534 **

2505 *

2476 **

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