Ether / USD may fall to 2412 - 2440

2544 is our pivot point.

Our preference

The downside prevails as long as 2544 is resistance.

Alternative scenario

Above 2544, look for 2590 and 2618.

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 2539 and 2584).

Supports and resistances

2618 **

2590 *

2544 **

2526

2505 last

2440

2412 **

2385 *

2357 **

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