Ethereum Classic / Euro may rise to 25.55 - 27.51

Our pivot point stands at 19.05.

Our preference

Rebound towards 27.51.

Alternative scenario

The downside breakout of 19.05 would call for 15.77 and 13.81.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 22.27 and 25.02).

Supports and resistances

31.42 **

29.46 *

27.51 **

25.55

21.64 last

20.35

19.05 **

15.77 *

13.81 **

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