Ethereum Classic / Dollar may rise to 23.80 - 24.11

Our pivot point is at 22.77.

Our preference

Rebound.

Alternative scenario

Below 22.77, expect 22.25 and 21.94.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (23.13) but under its 50 period moving average (23.21).

Supports and resistances

24.73 **

24.42 *

24.11 **

23.80

23.18 last

22.98

22.77 **

22.25 *

21.94 **

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