Ether / USD may fall to 2527 - 2556

Our pivot point is at 2654.

Our preference

The downside prevails as long as 2654 is resistance.

Alternative scenario

The upside breakout of 2654, would call for 2702 and 2731.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2622 and 2627).

Supports and resistances

2731 **

2702 *

2654 **

2635

2616 last

2556

2527 **

2498 *

2469 **

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