Ether / USD may fall to 2483 - 2512

2606 is our pivot point.

Our preference

The downside prevails as long as 2606 is resistance.

Alternative scenario

The upside breakout of 2606, would call for 2653 and 2682.

Comment

The RSI is below 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 2592 and 2610).

Supports and resistances

2682 **

2653 *

2606 **

2587

2568 last

2512

2483 **

2455 *

2427 **

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