Ethereum Classic / Dollar may rise to 33.15 - 33.75

Our pivot point stands at 31.17.

Our preference

The upside prevails as long as 31.17 is support.

Alternative scenario

The downside breakout of 31.17 would call for 30.16 and 29.57.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 31.77 and 31.61).

Supports and resistances

34.94 **

34.34 *

33.75 **

33.15

31.96 last

31.56

31.17 **

30.16 *

29.57 **

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