Ethereum Classic / Euro may rise to 30.10 - 30.64

Our pivot point is at 28.30.

Our preference

Rebound.

Alternative scenario

Below 28.30, expect 27.39 and 26.85.

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 stands above its 20 period moving average (28.89) but below its 50 period moving average (29.09).

Supports and resistances

31.72 **

31.18 *

30.64 **

30.10

29.01 last

28.65

28.30 **

27.39 *

26.85 **

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