Ethereum Classic / Dollar may rise to 24.34 - 24.69

Our pivot point is at 23.19.

Our preference

Rebound.

Alternative scenario

Below 23.19, expect 22.61 and 22.26.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (23.51) but under its 50 period moving average (23.73).

Supports and resistances

25.38 **

25.04 *

24.69 **

24.34

23.65 last

23.42

23.19 **

22.61 *

22.26 **

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