Ethereum Classic / Dollar may rise to 33.36 - 33.96

31.31 is our pivot point.

Our preference

Look for a drop towards 31.31 before a bounce.

Alternative scenario

Below 31.31, expect 30.30 and 29.70.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.04 and 31.93).

Supports and resistances

35.16 **

34.56 *

33.96 **

33.36

32.10 last

31.70

31.31 **

30.30 *

29.70 **

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