Ether / USD may fall to 2454 - 2482

Our pivot point is at 2580.

Our preference

As long as 2580 is resistance look for 2454.

Alternative scenario

Above 2580, look for 2628 and 2656.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2542 and 2540).

Supports and resistances

2656 **

2628 *

2580 **

2562

2538 last

2482

2454 **

2426 *

2398 **

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