Ether / USD may fall to 2457 - 2485

Our pivot point stands at 2580.

Our preference

Technical rebound towards 2580 before a new drop.

Alternative scenario

The upside breakout of 2580, would call for 2627 and 2655.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (2522) but below its 50 period moving average (2551).

Supports and resistances

2655 **

2627 *

2580 **

2561

2542 last

2485

2457 **

2429 *

2401 **

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