Ether / Dollar intraday: the downside prevails as long as 1657 is resistance
1657 is our pivot point.
Our preference: the downside prevails as long as 1657 is resistance.
Alternative scenario: above 1657, look for 1677 and 1688.
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 1649 and 1655).
Supports and resistances:
1688 **
1677 *
1657 **
1649
1640 last
1617
1605 **
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