Ether / USD may fall to 2435 - 2463

Our pivot point stands at 2556.

Our preference

The downside prevails as long as 2556 is resistance.

Alternative scenario

Above 2556, look for 2603 and 2631.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2528 and 2530).

Supports and resistances

2631 **

2603 *

2556 **

2538

2519 last

2463

2435 **

2408 *

2380 **

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